New owners at Bigpoint

The majority shareholders of social games giant Bigpoint have sold a large portion of their stock in a deal valued at $350 million.

The transaction is complex and not all information has been disclosed.

In June 2008, General Electric, NBC Universal and private equity firm GMT Communications acquired a 70 per cent controlling share of Bigpoint. That deal was valued at about $100 million.

Now two other private equity firms have acquired a controlling stake from that 70 per cent.

For the full story, head over to Develop.