‘Fortnite’ Maker Epic Games Raised $1B At $28.7B Valuation

Must Read

- Advertisement -

Fortnite game owner and KKR-backed Epic Games had raised $1 billion in its latest funding round at a $28.7 billion valuation.

The fundraise involved an additional investment of $200 million from Japan’s Sony Group Corp. Other investors included Appaloosa, Baillie Gifford, and KKR & Co Inc.

Epic Games CEO Tim Sweeney remained the controlling shareholder following the latest investments.

The new funds will help fast-track connected social experience build up in Fortnite, Rocket League, and Fall Guys while empowering game developers and creators with Unreal Engine, Epic Online Services, and the Epic Games Store, stated Sweeney.

Sony acquired a minority stake in Epic last year for $250 million. KKR had invested $1.25 billion in 2018.

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read Also:  SONA Group Inaugurates Plant in Ogun State

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

- Advertisement -
spot_imgspot_img

Latest News

Latest News On Baba Ijesha: Lawyer Blasts Lagos Police, Princess Reacts To Actor’s Release

...Latest News Update On Baba Ijesha's Case Nollywood actor Olarenwaju Omiyinka aka Baba Ijesha detained by Lagos Police Command over...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img