🤣 Epic is doomed. Doomed!
2021 = $28.7 billion valuation
2022 = $31.5 billion valuation
2023 = $32 billion valuation
The company, best known for creating the Fortnite game and the Unreal Engine development tool, hit a private valuation of $31.5 billion.
www.barrons.com
Epic Games Raised $2 Billion. Its Valuation Rivals Publicly Traded Games Giants.
April 11, 2022
Epic Games said it raised $2 billion in a funding round that including Sony Group and LEGO Group owner Kirkbi as investors. The company, best known for creating the Fortnite game and the Unreal Engine development tool, hit a private valuation of $31.5 billion.
Sony and Kirkbi each invested $1 billion, Epic said. CEO and founder Tim Sweeney still has a controlling stake in the firm, the company said.
Epic announced a $1 billion round that valued the firm at $28.7 billion in April 2021. The higher valuation is a good sign for Epic, given how public markets soured on videogame companies in the past year.
The $31.5 billion figure compares to EA’s recent market capitalization of $34.5 billion and Take-Two Interactive Software ’s recent capitalization of $16.2 billion.