Sky News can exclusively reveal that Epic Games, which was founded by Tim Sweeney 30 years ago, is finalising the terms of a $1bn fundraising just seven months after closing a previous round.
The company was valued at $17.3bn after a $1.78bn capital-raising announced last July, which included a $250m contribution from the Japanese entertainment giant Sony.
It was unclear whether any major new investors were backing the $1bn round, which includes a combination of primary and secondary share sales, they added.
Epic Games boasts an all-star share register including names such as BlackRock, Fidelity Management & Research, the private equity group KKR, leading tech investor Lightspeed Ventures and the Ontario Teachers’ Pension Plan.
Source: www.coastfm.co.uk/
By Skynews
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.