Rowe Price, hedge fund Appaloosa and private equity giant KKR. No firm price was set at the time, as Epic was gauging interest from existing investors including BlackRock, Fidelity Management, T. What Epic failed to mention, however, is that a few weeks earlier it had been in the early stages of launching a tender offer through the Nasdaq private exchange in which the informal price expectation from Epic employees who were selling their shares was for a $42 billion valuation, a source with direct knowledge of the situation said.
That was slightly higher than the $28.7 billion the company was valued at in its previous funding round in April 2021. Wall Street may finally be getting over its “Fortnite” addiction.Įpic Games, the maker of the wildly popular, shoot-em-up video game, launched a flopped attempt to raise cash last month in a deal that would have valued the company nearly 40% higher than what it settled for a few weeks later, The Post has learned.Įarlier this month, Epic announced it raised $2 billion from Sony Group and Kirkbi, the Danish-based holding company for the Lego toy empire, in a deal that valued the company at $31.5 billion. ‘Fortnite’ maker Epic Games valued at nearly $32B after big investment War games: Ex-soldier earned $700K coaching clients in ‘League of Legends’
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