Skip to content
Subscriber Only

Endeavor to Sell Part of Stake in Fortnite Maker Epic Games

  • Owner of Hollywood talent agency plans to sell noncore assets
  • Epic is raising money at a valuation north of $15 billion
An attendee plays the Epic Games Inc. Fortnite video game during the E3 Expo in Los Angeles.

An attendee plays the Epic Games Inc. Fortnite video game during the E3 Expo in Los Angeles.

Photographer: Patrick T. Fallon/Bloomberg
Updated on

Endeavor Group Holdings Inc., owner of a major Hollywood talent agency and the Ultimate Fighting Championship, will sell part of its stake in Epic Games Inc., the publisher of the popular title Fortnite, raising cash it can use to prop up a business hit hard by the coronavirus.

Endeavor is selling its stake as part of Epic’s next round of fundraising, in which the company is expected to net a valuation well north of the $15 billion it received in 2018, according to three people familiar with the matter. The company will still hold onto some of its piece in the soaring video-game publisher, said the people, who asked not to be identified because the deal hasn’t closed.