Fortnite maker Epic Games targets US$1.7bil in fundraising

Some of the money will likely go to lawyers. Epic is engaged in courtroom battles with Apple Inc and Google over allegations that they engage in anticompetitive behaviour by demanding a cut of transactions through their app stores. — Dreamstime/TNS

Epic Games Inc is in advanced talks to raise as much as US$1.7bil (RM7.04bil), which would double the fundraising haul over the last year for the maker of the popular shooting game Fortnite.

The terms value the business at about US$28bil (RM116.06bil), people familiar with the discussions said.