Monday was a good day for Accel Partners.
The venture capital firm looked set to share in a $1.15 billion payout, as two of its investments scored buyers. First up was Playfish, which Electronic Arts said it was snapping up for as much as $400 million in cash and stock. Then came the news that Google had inked a deal to buy the mobile advertising network Admob for $750 million.
While it’s unclear how much Accel actually made on the deals, VentureBeat noted that “with the exit price amounting to more than 10 times the venture capital invested ($21 million for Playfish, a little more than $47 million for AdMob), we can be pretty sure that the folks at Accel are pretty pleased.”
Accel Partners’ $1 Billion Day
