{"id":114226,"date":"2020-06-16T16:46:32","date_gmt":"2020-06-16T16:46:32","guid":{"rendered":"http:\/\/gamefromscratch.com\/post.aspx?id=413247fe-8650-4cdd-a0a6-8f8e817e549d"},"modified":"2020-06-16T16:46:32","modified_gmt":"2020-06-16T16:46:32","slug":"epic-games-valued-at-17-billion","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/06\/16\/epic-games-valued-at-17-billion\/","title":{"rendered":"Epic Games Valued At $17 Billion"},"content":{"rendered":"<p>Reported on <a href=\"https:\/\/venturebeat.com\/2020\/06\/15\/epic-games-shareholders-seeking-to-sell-stake-for-750-million-at-17-billion-valuation\/\">Venture Beat<\/a> by respected games journalist Dean Takahashi, Epic Games are looking to raise an addition $750 million dollars, valuing Epic Games at an eye watering 17 BILLION dollars.<\/p>\n<blockquote readability=\"16.081833060556\">\n<p>Fortnite maker Epic Games is raising $750 million, according to two sources who spoke to GamesBeat. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-15\/fortnite-maker-epic-is-said-to-near-funding-at-17-billion-value\">Bloomberg reported the news first<\/a>, but we have independently confirmed the details in our story.<\/p>\n<p>The deal would give Epic a pre-money valuation of $16.3 billion, with a post-money valuation (the value of the company after the deal is done) of $17 billion. Epic Games is the developer and publisher of Fortnite, which has more than 350 million users. And it is also the creator of the Unreal Engine, a fundamental toolset for building many games (and increasingly, making movies and TV). Epic declined to comment.<\/p>\n<\/blockquote>\n<p>A valuation on 17B would mark a hefty return on the <a href=\"https:\/\/www.investopedia.com\/news\/how-tencent-changed-fortnite-creator-epic-games-fortunes\/\">earlier $825M Tencent investment<\/a>, which resulted in Tencent holding a 40% minority stake in Epic Games.&nbsp; Epic Games are not the only company looking to raise further capital.&nbsp; Unity have <a href=\"https:\/\/www.gamefromscratch.com\/post\/2019\/02\/11\/Unity-Going-Public-In-2020-IPO.aspx\">long been rumoured<\/a> to be looking at an IPO, with recent discussions heating up again.&nbsp; You can learn more about both companies in the <a href=\"https:\/\/youtu.be\/bF2Jp3x5kAY\">video<\/a> below.<\/p>\n<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/bF2Jp3x5kAY\" frameborder=\"0\" allowfullscreen allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\">[embedded content]<\/iframe><\/p>\n<p class=\"under\"> <span class=\"categories\"><a href=\"https:\/\/www.gamefromscratch.com\/category\/GameDev-News.aspx\">GameDev News<\/a><\/span> <span class=\"tags\"><a href=\"https:\/\/www.gamefromscratch.com\/?tag=\/Unreal\" rel=\"tag\">Unreal<\/a> <a href=\"https:\/\/www.gamefromscratch.com\/?tag=\/Unity\" rel=\"tag\">Unity<\/a><\/span> <\/p>\n<hr>\n<p> <!--\n<script type=\"text\/javascript\"><!- - google_ad_client = \"ca-pub-5156240514307514\"; \/* GFS 720 Post above Comments *\/ google_ad_slot = \"5626844176\"; google_ad_width = 728; google_ad_height = 90; \/\/- ->\n<\/script>\n--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reported on Venture Beat by respected games journalist Dean Takahashi, Epic Games are looking to raise an addition $750 million dollars, valuing Epic Games at an eye watering 17 BILLION dollars. Fortnite maker Epic Games is raising $750 million, according to two sources who spoke to GamesBeat. Bloomberg reported the news first, but we have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[72],"class_list":["post-114226","post","type-post","status-publish","format-standard","hentry","category-game-development","tag-gamedev-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/114226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=114226"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/114226\/revisions"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=114226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=114226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=114226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}