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Article: Accel Partners and Index Ventures Announce Exit of Portfolio Company Playfish to Electronic Arts.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
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LONDON, Nov. 9 /PRNewswire/ -- Index Ventures and Accel Partners, two leading global venture capital firms, today announce the sale of portfolio company Playfish Inc. to Electronic Arts . Playfish was acquired for a consideration of up to $400 million including an earnout of up to $100 million and excluding cash balances.
Kevin Comolli, board member from Accel Partners stated, "As the original institutional seed investor in Playfish it has been a pleasure to work with the founders and management team and to see them achieve such extraordinary growth. Playfish has been recognized in the industry for its innovation and creativity and continues to change the way ...