Fortnite Maker Epic Games Becomes 5th Most Valuable U.S. Startup
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Epic Games Inc., the video game company behind Fortnite, said the business is valued at $17.3 billion after completing a new round of funding. The deal makes Epic the fifth-most-valuable technology startup in the U.S.
The Cary, North Carolina-based company said the total size of the financing was $1.78 billion. That includes investments from Baillie Gifford, funds managed by BlackRock Inc., Fidelity Investments and Lightspeed Venture Partners. The number also contains last month’s $250 million investment from Sony Corp. and purchases from employee equity holders.