06-17-2020, 05:51 AM
Epic Games Valued At $17 Billion
<div><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>
<blockquote readability="16.081833060556">
<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>
<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>
</blockquote>
<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. Epic Games are not the only company looking to raise further capital. 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. You can learn more about both companies in the <a href="https://youtu.be/bF2Jp3x5kAY">video</a> below.</p>
<p align="center"><iframe 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>
<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>
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https://www.sickgaming.net/blog/2020/06/...7-billion/
<div><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>
<blockquote readability="16.081833060556">
<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>
<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>
</blockquote>
<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. Epic Games are not the only company looking to raise further capital. 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. You can learn more about both companies in the <a href="https://youtu.be/bF2Jp3x5kAY">video</a> below.</p>
<p align="center"><iframe 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>
<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>
<hr>
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https://www.sickgaming.net/blog/2020/06/...7-billion/