Epic Games, the developer behind the popular video game “Fortnite”, was worth $ 17.3 billion after the latest round of fundraising.
The California-based software developer and publisher founded in 1991 announced a $ 1.78 billion funding round on Wednesday that included principal capital and employee equity purchases, according to a statement.
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“Having the support of leaders in the financial community will spur Epic̵7;s efforts to build a new kind of digital ecosystem using real-time 3D technology, integrated services. linking hundreds of millions of people and a digital store that offers a fair business model, “Epic Games CEO Tim Sweeney said in a statement.
The funding includes a previously known $ 250 million strategic investment from Sony Corp., which said on Tuesday its profits from April to June were up 53% due to the coronavirus pandemic. and door locking restrictions keep more people at home, leading to more use of video games.
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The Tokyo-based company reported a profit of $ 2.2 billion in the first quarter of 2020, up from around $ 1.3 billion in 2019.
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Other investment partners include Baillie Gifford, BlackRock, Fidelity Management & Research Company LLC, Lightspeed Venture Partners, Ontario Teacher’s Pension Plan Board, T. Rowe Price Associates Inc., and David Tepper, the company said in a statement. newspapers.
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“Fortnite” is one of the most popular video games in the world with more than 350 million accounts. Epic also operates the Unreal Engine, a developer 3D creation tool.
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