'Fortnite' maker Epic Games is reportedly close to landing a funding deal that would value the game studio at $17 billion

Fortnite/Epic Games

• Epic Games, the studio behind "Fortnite," is close to landing $750 million in new funding that would value the company at $17 billion, Bloomberg reported on Monday.
• New investors T. Rowe Price Group and Baillie Gifford as well as existing investor KKR will join the round.
• Epic, which also acquired popular video app Houseparty last year, received $1.25 billion from KKR and other investors in 2018.
• The funding round, which Bloomberg had previously reported on in April, comes as video games sales are skyrocketing during the coronavirus pandemic.
• Visit Business Insider's homepage for more stories.

Epic Games, the creator of the popular video game "Fortnite", is close to raising a $750 million round of funding at a valuation of about $17 billion, Bloomberg reported on Monday, citing people familiar with the matter.

New investors T. Rowe Price Group and Baillie Gifford will contribute to the round, while existing investors including KKR & Co. will also participate, according to Bloomberg.

See the rest of the story at Business Insider

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