Entertainment firm Endeavor Group is looking to sell part of its minority stake in videogame firm Epic Games as it seeks to raise cash, say people familiar with the situation. Endeavor, which owns the WME talent agency as well as extensive live-event businesses, has been hit hard by the coronavirus pandemic.
The sale could raise as much as $100 million, according to one of the people. Epic owns Fortnite, the hugely popular videogame, and Houseparty, a group video chat-games app which has seen a surge in users during the quarantine.
