Startup Epic Games Inc, which developed battle game Fortnite and acquired networking app Houseparty, is close to raising a US$750mil (RM3.20bil) round of funding at a valuation of about US$17bil (RM72.54bil) according to people familiar with the matter. — Dreamstime/TNS
As people flock to video games and social networks to fight boredom during the pandemic, investors in the company that owns two of the biggest lockdown hits are betting that those habits will stick.
Startup Epic Games Inc, which developed battle game Fortnite and acquired networking app Houseparty, is close to raising a US$750mil (RM3.20bil) round of funding at a valuation of about US$17bil (RM72.54bil) according to people familiar with the matter.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
