'Possible saleâ?? for Bigpoint

'Possible saleâ?? for Bigpoint

By Stuart Richardson

April 29th 2010 at 3:22PM

Sources claim Germany-based online games firm is hiring sales advisers

Bigpoint GmbH may be up for sale, according to suggestions from three bankers claiming knowledge of the situation.

Speaking to the FT Online, the bankers have said that financial advisers have been mandated to “explore strategic alternatives following strong inbound interest”. The interviewing of advisers was said to have begun several months ago.

US-based investment advisory firm Montgomery & Co. has also been suggested as being involved by one of the bankers.

Another told the FT that private equity backers GMT Communication Partners and NBC Universal’s Peacock Equity Fund are seeking between $300m and $400m for 100 percent of Bigpoint.

[UPDATE]

Bigpoint have since told Casualgaming.biz that they will not comment on the potential sale of the company.
Casualgaming.biz has the full story