'Fortnite' maker Epic Games gets US$28.7 billion valuation in latest funding

'Fortnite' maker Epic Games gets US$28.7 billion valuation in latest funding

The Edge Markets - World·2021-04-14 05:03

BENGALURU (April 13): Epic Games, which is in the middle of a legal battle with Apple, said on Tuesday it had raised US$1 billion in a funding round that valued the "Fortnite" maker at US$28.7 billion.

People staying at home during the Covid-19 pandemic have turned to games for entertainment, helping drive a 35% surge in video game spending in February to about US$4.6 billion, according to research firm NPD.

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