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 Gameguru Mania News - Oct,27 2018 -  
Fortnite's on steroids: 1.25b in funding values - briefly
(hx) 11:37 PM CEST - Oct,27 2018 - Post a comment / read (5)
Epic Games has exploded due to the runaway success of Fortnite’s free battle royale mode. In 2012, it was valued at $825 million. After this new round of funding, it’s valued at $15 billion. It'll be exciting to see what Epic does next. A total of seven eSports and traditional sport businesses and investment firms have spent $1.25 billion in securing shares of Epic Games, the WSJ reports. The new investors, KKR, Iconiq Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins and Lightspeed Venture partners, join Disney, Endeavor and Tencent as major backers. In 2012, Tencent bought 40% of Epic shares for $330 million, and in the last six years, those shares have increased in value in excess of 15 times over. By the end of this year, Fortnite is expected to have earned just over $4 billion for Epic. It goes to show just how much Fortnite is winning over PUBG, which is worth $5 billion in total (and no, Epic isn’t about to buy PUBG)
last 10 comments:
doodah(09:44 AM CET - Oct,28 2018 )
Just ugh..

sikapossu(12:04 PM CET - Oct,28 2018 )
quote:
It'll be exciting to see what Epic does next
Just like they did on Fortnite and wait someone else get good idead and exploit it too ;)

gx-x(12:18 PM CET - Oct,28 2018 )
If I had their shares, I would sell them right about now. Tomorrow people might jump onto some new fad and value of company will go back down where it was in 2012.

Koogle(06:46 PM CET - Oct,28 2018 )
Kinda crazy Epic seemed to be struggling a few years ago and could almost see Unity just stomping them out for a large portion of the game engine market from both low and high end..

and now of all things fucking fortnite has been this major success for them...

I mean it's not like they didn't need a popular game I just think the game kinda sucks, but its good to see the Unreal Engine will continue to get nice features even though I don't use it.. prefer Unity :)

Tom(01:35 PM CET - Oct,29 2018 )
sikapossu> quote:
It'll be exciting to see what Epic does next
Just like they did on Fortnite and wait someone else get good idead and exploit it too ;)

Gee like the game industry doesn't work like that already...fuck man, what a lame point. That's all you could think of? Fortnite was out before PUBG. Epic added Battle Royale after. Take a look around pal, everyone is doing the Battle Royale shit.

Koogle> Kinda crazy Epic seemed to be struggling a few years ago and could almost see Unity just stomping them out for a large portion of the game engine market from both low and high end..

and now of all things fucking fortnite has been this major success for them...

I mean it's not like they didn't need a popular game I just think the game kinda sucks, but its good to see the Unreal Engine will continue to get nice features even though I don't use it.. prefer Unity :)

Epic was never struggling, they were changing their business model. People quit/retired as a result, that's about it. All had their reasons like some not liking the F2P they were getting into. Ya don't like it, you leave, retire. Then there's the move from U3 to U4... Epic was never struggling.

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