Fortnite creator Epic Games' valuation jumps to $29 billion in new funding round

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Epic Games on Tuesday said it raised $1 billion in a new round of funding, with $200 million coming from Sony.

And Epic has been expanding into other areas, including PC games distribution with its Epic Games Store — a rival to Valve's Steam — and new content. Last month, Epic

, the British studio behind Fall Guys. That game became an instant hit when it launched last summer, attracting millions of players stuck at home due to Covid restrictions.over the latter's app store policies. Epic tried to avoid Apple's 30% App Store fee through a software update that effectively bypassed the Cupertino, California-based company's own payments system. Apple responded by removing Fortnite from its App Store.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Fortnite’ Maker Epic Games Raises $1B From Sony And Others, Claims $28.7B ValuationEpic Games, the company behind Fortnite, said it has raised $1 billion in new funding and has reached a valuation of $28.7 billion. The fundraising round includes another $200 million strategic inv… Remember When You Decided To Make Being an Entrepreneur Your Career & You was a Who's That?
Source: DEADLINE - 🏆 109. / 63 Read more »

'Fortnite' maker Epic Games raises $1 billion at $28.7 billion valuationEpic Games said on Tuesday it had raised $1 billion in its latest funding round that valued the 'Fortnite' maker at $28.7 billion.
Source: Reuters - 🏆 2. / 97 Read more »

Apple and ‘Fortnite’ Maker Epic Games to Square Off in CourtA trial is slated to begin Monday in a case that could reshape the relationship between software developers and app-store operators. Epic Games sued both Apple and Alphabet’s Google in August after the companies removed “Fortnite” from their mobile app stores. More good news please(((
Source: WSJ - 🏆 98. / 63 Read more »

Epic battle: Fortnite maker's fight against Apple goes before the courtA lawsuit by Fortnite maker Epic could upend Apple's iron control over its app store, which brings in billions of dollars each year. this is terrible news Buy Ethereum
Source: latimes - 🏆 11. / 82 Read more »

Epic Games and Apple spar over consoles and walled gardens on opening day of trialEpic Games and Apple have kicked off their high-profile trial, beginning a legal battle that is expected to run for at least two weeks and has the potential to change not only the iPhone maker's app ecosystem, but also the broader app economy Sounds like an old fashioned shootout at the OK Corral pewpew Cancel Santorum
Source: CNN - 🏆 4. / 95 Read more »