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Report: Fortnite maker Epic could sell stake at $17 billion valuation

Fortnite developer Epic Games is reportedly looking to raise $750 million in a deal that would value the company at $17 billion.Â

Chris Kerr, News Editor

June 16, 2020

1 Min Read
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Fortnite developer Epic Games is reportedly looking to raise $750 million in a deal that would value the company at $17 billion. 

As reported by GamesBeat (via Bloomberg), the studio would raise the cash by selling off a stake worth $750 million, which would lead to the company being valued at $17 billion post-deal. 

Multiple anonymous sources have informed both GamesBeat and Bloomberg about the deal, although its worth taking any rumor with a pinch of salt until concrete details are out in the open. 

There's no word on what Epic would use the funds for, but given the company is currently overseeing the Unreal Engine, Fortnite, and the Epic Games Store, it's got no shortage of options when it comes to splashing the cash.

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About the Author

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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