Epic Games management was negotiating a new round of funding. The amount of the transaction was discussed in the region of $ 500 million to $1 billion.
This was recently reported by Bloomberg with reference to people close to the negotiations. According to them, “epics” even hired a financial consultant to raise money. During the new round, the company will be valued at an amount that is much more than $ 15 billion.
Recall, based on this assessment, Epic Games attracted $ 1.25 billion from third-party investors in 2018. The money was supposed to “strengthen the company’s position in the market of three-dimensional technologies.”
Nothing is yet known about whether the current deal will take place. Bloomberg sources say that Epic Games has not yet made a final decision. Plans may change.
The increase in the value of the company, as well as the interest in it, according to the material of our Western colleagues, should be explained not only by the successes and announcements of Epic Games in the gaming field (for example, the company recently began to position itself, including as a publisher).
An important factor is the success of her social application Houseparty: a video communication service purchased in June last year (an analogue of Zoom with additional social functions and the possibility of playing together) in March generated 50 million registrations against the background of the pandemic.
In other words, today investors can consider Epic Games not only as a growing gaming company, increasing its share in the three-dimensional graphics market, but also as a successful player in the rapidly growing segment of video chats.
Also on the topic:
- Epic Games has acquired a social video chat platform HousepartyEpic Games raised $1.2 billion.
- Seven companies have invested in the developerIs there any news?
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