Epic Games, the creator of the hit game “Fortnite,” has acquired video chat app Houseparty. Terms of the deal weren’t disclosed. Since 2016, Houseparty has raised roughly $70 million from investors including Sequoia, Greylock and Comcast Ventures.
When it first launched, Houseparty generated lots of buzz, shooting to the top of the App Store charts. While its popularity has since waned, it still has a following with a young, engaged user base. Earlier this year, Houseparty integrated social games into its chat interface, allowing it to generate revenue through in-app purchases.
Thanks to the success of “Fortnite,” Epic Games was recently valued at $15 billion after raising $1.5 billion from investors last fall. Houseparty will continue to operate independently and user data won’t be shared between the companies, according to a press release. “By teaming up, we can build even more fun, shared experiences than what could be achieved alone,” Epic Games CEO Tim Sweeney said in a statement.