Epic Games, the company behind Fortnite, is to carry out a new round of investment adding $750 million, bringing its value to $17 billion.
This is reported by Bloomberg, which cites new investors (T.Rowe Price Group and Baillie Grifford), and other shareholders will join the round, which seeks to raise capital in exchange for shares in the company. As of March 2013, Chinese giant Tencent holds 40% of Epic Games.
Epic Games, of course, is fired on almost every front. Your Fortnite game shows no signs of weariness, quite the contrary. During April, the height of the lockdown, the game reached revenues of up to $400 million. In 2019 alone, its revenue was $1.8 billion.