Epic scores epic $1.25 billion investment

The Fortnite studio continues to do good business.

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Epic seems to be headed in one direction, and one direction only: up. The company has gone from one employee to having over 700 all over the globe. More recently it has made more than one billion dollars in microtransactions thanks to Fortnite and its battle Royale mode, which in turn has attracted the attention of heavyweights like Tencent and Disney.

Now, according to Bit-tech.net, Epic has pulled in a further $1.25 billion investment from a multi-group consortium, who will join Endeavour, Tencent and Disney as minority shareholders.

"We're excited to partner with the finest minds in the financial, sports, and entertainment communities. This reinforces Epic's position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world," says Epic's founder and chief executive Tim Sweeney.

"Epic Games has fundamentally changed the model for interactive entertainment under the company's visionary leadership. Alongside a special group of investors, we are thrilled to support Epic's dedicated employees and the passionate community of players and developers that lies at the heart of everything that Epic Games does," says Ted Oberwager, of investment group KKR.


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