Deals
Fortnite Maker Gets $1.25 Billion From New Investor Group
- KKR and Kleiner Perkins are among company’s latest backers
- Success of Fortnite has made Epic Games an attractive property
Attendees walk past the Epic Games Inc. Fortnite: Battle Royal booth during the E3 Electronic Entertainment Expo in Los Angeles.
Photographer: Troy Harvey/BloombergThis article is for subscribers only.
Epic Games Inc. is capitalizing on the popularity of Fortnite.
The studio behind the ubiquitous video game has closed a $1.25 billion investment round from a coalition that includes KKR & Co., Vulcan Capital, Kleiner Perkins and esports startup AXiomatic Gaming. The diverse group covers a large swath of the entertainment world, including technology, traditional sports, esports and live events. The deal values Epic Games at $15 billion, according to someone familiar with the matter.