Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

'Fortnite' Maker Valued at Nearly $32 Billion in Funding Round

'Fortnite" creator Epic Games Inc. raised $2 billion, the most for any gaming company in two decades, from investors including Sony Group Corp.

The funding means that Epic is now valued at $31.5 billion, after Sony and Kirkbi A/S, the holding company of the Kirk Kristiansen family, put in $1 billion apiece, according to a statement.

The company, which also counts Walt Disney Co. and China's Tencent Holdings Ltd. among its investors, was valued at $28.7 billion as of last April. Its chief executive, Tim Sweeney, remains the company's controlling shareholder.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.