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Epic Games Valued at Nearly $29 Billion in $1 Billion Funding Round

By
Alex Heath
· · Source: The Information

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...

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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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