Epic Games negotiating new round of US$1.7 billion financings with valuation of US$28 billion

According to reports, the game developer Epic Games is negotiating a new round of financing, which may raise up to $1.7 billion. People familiar with the matter said that this round of financing is expected to value Epic Games at approximately $28 billion. At present, Epic Games has received more than $1 billion in investment commitments, and the final financing scale has not yet been determined.

People familiar with the matter also said that these funds will mainly come from mutual funds, as well as other large institutional investors, many of which are existing supporters of the company.

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Epic Games was founded by Tim Sweeney in the early 1990s and has developed and released several popular games, such as “Fortnite”. In addition, Epic Games has also developed the Unreal Engine engine to help developers build games. Nearly ten years ago, Sweeney sold a 40% stake in Epic Games to Tencent.

In August last year, Epic Games completed a $1.78 billion round of financing, valuing the company at $17.3 billion. Among them, 250 million US dollars come from Sony, and Sony has therefore obtained a 1.4% stake in Epic Games.

According to people familiar with the matter, investors who have pledged to participate in the latest round of Epic Games financing include funds managed by Fidelity Investments, Franklin Templeton, and T. Rowe Price Group.

Analysts said that some of these funds may flow to lawyers. Currently, Epic Games is arguing with Apple and Google in court, accusing them of requesting commissions through the app store, thus violating fair competition.

Today, Epic Games’ lawsuits against Apple in Australia and the United States are still ongoing, and an antitrust complaint has been filed in the European Union. Yesterday, Epic Games also filed a complaint with the British antitrust agency against Apple and supported the investigation of Apple.

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