Mak­ers of Fort­nite now worth an epic $15bn

The Guardian Weekly - - Global Report -

The com­pany be­hind the Fort­nite video game has been val­ued at al­most $15bn after re­ceiv­ing a $1.25bn cash in­jec­tion led by the pri­vate eq­uity firm KKR. The game, which has proved hugely pop­u­lar since its re­lease last year by Epic Games, is free to down­load, mak­ing money by charg­ing play­ers for cos­tumes and other em­bel­lish­ments. The value of Epic, which counts China’s Ten­cent Hold­ings and Walt Dis­ney among its early in­vestors, has soared from an es­ti­mate of $4.5bn in May. It was val­ued at $660m in 2012 when Ten­cent bought a 48% stake.

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