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Fortnite Maker Epic Games Targets $1.7 Billion in Fundraising


Fortnite Maker Epic Games Targets $1.7 Billion in Fundraising
Apr 01 2021, 6:23 AM
March 31 2021, 11:57 PM
April 01 2021, 6:23 AM
(Bloomberg) Epic Games Inc. is in advanced talks to raise as much as $1.7 billion, which would double the fundraising haul over the last year for the maker of the popular shooting game Fortnite.
(Bloomberg) Epic Games Inc. is in advanced talks to raise as much as $1.7 billion, which would double the fundraising haul over the last year for the maker of the popular shooting game Fortnite.
The terms value the business at about $28 billion, people familiar with the discussions said.
The company has already secured commitments of more than $1 billion, and the final amount isn’t set, said the people, who asked not to be identified because the discussions are private. The capital comes primarily from mutual funds and other big institutional investors, many of which are existing backers, the people said. ....

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