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Why it's important: Epic Games exploded because of the resounding success of Fortnite's Free Battle Royale mode. In 2012, it was valued at $ 825 million. After this new round of funding, it is valued at $ 15 billion. It will be exciting to see what Epic will do next.
A total of seven traditional sports and electronics companies and investors spent $ 1.25 billion to acquire shares of Epic Games, reports the WSJ. New investors, KKR, Iconiq Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins and Lightspeed Venture, join Disney, Endeavor and Tencent as major funders.
In 2012, Tencent bought 40% of Epic shares for $ 330 million. Over the last six years, the value of these shares has increased 15-fold. By the end of this year, Fortnite is expected to have raised just over $ 4 billion to Epic. This shows how much Fortnite is making on PUBG, which is worth $ 5 billion (and no, Epic is not about to buy PUBG).
The founder and CEO of Epic Games, Tim Sweeney, today a billionaire, has retained a preponderant share of the company and is enthusiastic about Epic's future.
"We are delighted to be working with leading minds in the financial, sports and entertainment industries to strengthen Epic's leading position in real-time 3D technology and accelerate our ability to improve the way we do business." people play, work and interact with the world. "
From the traditional epic fashion, they do not even hint at their plans for the future. But if Elon Musk wants to save the Fortnite players from the "eternal virginity" by buying and then removing the game while it's tweeted last weekso he'd better hurry up and buy it before he gets over his $ 24 billion budget.
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