Venture pays $350m for Bigpoint

British venture firms Summit Partners and TA Associates are to buy a majority stake in German online gaming firm Bigpoint for $350m (£212), in the hope of tapping into strong demand for free games on the internet. Bigpoint, employing more than 700 and offering games such as Seafight and underwater adventure Deepolis, said it has more than 185m registered users for its games which can be played directly within the internet browser and require no download.