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Epic Games receives $ 1.25 billion investment from KKR, six other

Epic Games ] created the creators of the unrealistic game engine used to develop video games and the popular battle…

Epic Games ] created the creators of the unrealistic game engine used to develop video games and the popular battle royal title ” Fortnite ” received an investment of $ 1.25 billion from more than half a dozen securities companies, the company announced Friday. -reaktid = “1

8”> Epic Games, creator of the Unreal Game engine used to develop video games and popular title title Fortnite, received $ 1.25 billion from more than half a dozen securities companies, announced the company Friday.

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = ” KKR ] ICONIQ Capital Smash Ventures aXiomatic Vulcan Capital Kleiner Perkins and [19459] 013] Lightspeed Venture Partners Investments in Epic will create “powerful partnerships with high strategic investment firms and individuals in front of technology, entertainment, professional sports, esports and live events”, according to the company. “KCR, ICONIQ Capital, Smash Ventures, AXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners’ investments in Epic will create” powerful partnerships with highly strategic investment firms and individuals in front of technology, entertainment , professional sports, esports and live events. “

The seven investors join Tencent, Disney and Endeavor as minority owners in Epic, which continues to be governed by founder and CEO, Tim Sweeney. [19659003]” We are happy to collaborate with the finest senses in the finance, sports and entertainment communities. This reinforces Epic’s leadership leadership position in real-time 3D technology and accelerates our ability to improve how people play, work and interact with the world, says Sweeney.

<p class = “canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = “Tencent bought about 40 percent of Epic Games with an investment of $ 330 million in 2012. The acquisition resulted in Tencent & Nbsp; appointing two representatives to the board of Epic. It is unclear whether the latest investment led to a change in the Board’s makeup. The 2012 investment led to a The number of high-profile people left Epic Games including “Gears of War Producer Rod Fergusson, Cliff Bleszinkski and Epic Games President Mike Capps. It also had a fundamental impact on how the company developed and released games, which in turn led to the development of Fortnite Fortnite “And possibly the introduction of the battle royale fashion as pus Tencent bought about 40 percent of Epic Games with an investment of $ 330 million in 2012. The acquisition resulted in Tencent appointing two representatives of the Epic Board. It is unclear whether the latest investment led to a change in the Board’s makeup. The 2012 investment led to a number of highly profiles left Epic Games including “Gears of War” producer Rod Fergusson, Cliff Bleszinkski and Epic Games president Mike Capps. It also had a fundamental impact on how the company developed and released games, which in turn led to the development of “Fortnite” and possibly introducing the royal fashion battle that ran the value of the company in billions.

<p class = “canvas-atom canvas text M Epic Games has fundamentally changed the model of interactive entertainment under the company’s visionary leadership, “said Ted Oberwager from KKR . “In addition to a special group of investors, we are proud to support Epics dedicated employees and the passionate community of players and developers at the heart of everything that Epic Games does. “” Data-Reaction = “23”> “Epic Games has fundamentally changed the model of interactive entertainment under the company’s visionary leadership,” says Ted Oberwager from KKR. “In addition to a special group of investors, we are proud to support Epics dedicated employees and the passionate community of players and developers who are at the heart of everything that Epic Games does.”

Raine Group and Guggenheim Securities, LLC act as financial advisor to epic games. Smith Anderson acts as legal adviser to Epic Games.

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