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Fortnite creator Epic Games’ valuation jumps to $29 billion in new funding round – CNBC

Epic Games on Tuesday said it raised $1 billion in a new round of funding, with $200 million coming from Sony.

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Epic Games, developer of the popular video game Fortnite, on Tuesday said it raised $1 billion in a new round of funding that lifts the company’s valuation to $28.7 billion.
The Cary, North Carolina-based firm said that $200 million of the fresh cash raised came from Sony, which had initially invested in the company last year. Other investors in the round included Appaloosa, Baillie Gifford and Fidelity. Epic’s latest market value represents a 66% increase from what it was worth in a $1.8 billion…

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