Epic Games is aiming to raise up to $1.7 billion from potential and current investors for the next round of investment. The corporation would be valued at about $28 billion as a result of this.
If the financing is secured, Bloomberg estimates that the company will be priced at $28 billion, quoting sources sensitive to the situation. According to the survey, the firm has already secured an investment of more than $1 billion. Established owners and certain mutual funds will contribute a significant amount of money to the business. The negotiations are currently taking place behind closed doors, and the actual amount is yet to be decided.
Epic Games is not a new name in the field of entertainment. Tim Sweeney founded Potomac Computer Systems in 1991, and it has been in operation since then. The entertainment company headquartered in North Carolina has seen a massive increase in valuation in recent years, owing mostly to the blockbuster game Fortnite.
Epic had previously chastised Apple for excluding a significant amount of game developers' profits in order to list their titles on the App Store. That's why the company removed Fortnite from both the iOS and Android app stores and, in a drastic move, officially chastised Apple for the activity in a Fortnite film.
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