en
ua
ru
de
pt
es
pl
fr
tr
fi
da
no
sv
en
EGW-NewsEsportsAll newsEpic Games managed to attract $ 1 billion in investments

Epic Games managed to attract $ 1 billion in investments

0
0
2759

Epic Games announced that it has completed a $ 1 billion funding round that will allow the company to support future growth opportunities. Epic's net worth is now worth $ 28.7 billion.

The funding round includes a $ 200 million additional strategic investment from Sony Group Corporation that builds on the close relationship between the two companies and strengthens their shared mission to advance technology, entertainment and socially connected online services. Other investment partners include Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, funds and accounts advised by T. Rowe Price Associates, Ontario Teachers' Pension Board, funds and accounts managed by BlackRock, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital. Note that amid this news, Epic still has only one class of common shares outstanding.

Chicken.gg

Free gems, plus daily, weekly, & monthly boosts!

Chicken.gg
CS:GO
Claim bonus
Farmskins

Sign up now and get 2 FREE CASES + 5$ Bonus

Farmskins
CS:GO
Claim bonus
Rain.gg

3 FREE Cases & 5% Deposit Bonus

Rain.gg
CS:GO
Claim bonus

Credit Suisse and BofA Securities reportedly acted as agents for the joint offering of Epic shares, while Wilson Sonsini Goodrich & Rosati provided legal services to Epic.

Epic Games is expected to use the funds raised to develop social services in Fortnite, Rocket League and Fall Guys, as well as support developers who use the Unreal Engine and other products from the studio.

Leave comment
Did you like the article?
0
0

Comments

BRING TO TOP
FREE SUBSCRIPTION ON EXCLUSIVE CONTENT
Receive a selection of the most important and up-to-date news in the industry.
*
*Only important news, no spam.
SUBSCRIBE
LATER
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic.
Customize
OK