Epic Games, the maker of the hit game Fortnite, has been valued at $28.7 billion in a $1 billion funding round, the company announced Tuesday. Participating investors include David Tepper’s Appaloosa Management, Fidelity, Baillie Gifford, and the Ontario Teachers’ Pension Plan Board. Sony also invested $200 million, adding to a $250 million stake it previously bought. The new funding comes...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
markets
Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
Latest Briefs
Jack Ma Returns To China
First Citizens to Buy SVB’s Deposits, Loans From Government
Apple Insiders Debate Prospects for Mixed Reality Headsets
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive
startups
electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors
