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NEW YORK GE and NBC Universal’s Peacock Equity Fund, together with European private-equity group GMT Communications Partners, have agreed to a $110 million majority buyout of Bigpoint, a European provider of free browser-based multiplayer online games.
The company generates revenue from in-game virtual item purchases and advertising sales and is set to expand beyond Europe, where it is a leader.
The deal, expected to close within two months, is Peacock’s biggest investment to date. It and GMT are believed to each get a 35 percent stake in Bigpoint.
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