Venture Capital

Epic, Maker Of ‘fortnite,’ Raises $1.25B

by sfgate.com posted 1year ago 64 views
“Fortnite” has become one of the biggest video game sensations in the world. Now its maker, Epic Games, is cashing in. Epic said last week it had raised $1.25 billion from a group that included investment firms like KKR, plus aXiomatic, the owner of the e-sports company Team Liquid. Behind the investment is the hope that “Fortnite” will remain a global phenomenon. Since it was released last year, teenagers and celebrities like Drake have hailed the game. It has made stars of prominent e-sports players like Tyler Blevins, who is known as Ninja.

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