Makers of Fortnite now worth an epic $15bn
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.