Posted August 10, 2020

CARY — Epic Games, creators of the mega hit “Fortnite,” is now worth a whopping $17.3 billion.

The latest valuation comes after the Cary-based game developer announced today that it had closed a $1.78 billion round of funding consisting of primary capital and secondary purchases from employee equity holders.

This round includes a previously announced $250 million strategic investment from Sony Corporation. Additional investment partners include Baillie Gifford, funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC, Lightspeed Venture Partners, Ontario Teachers’ Pension Plan Board, funds and accounts advised by T. Rowe Price Associates, Inc., and David Tepper.

Existing investors KKR and Smash Ventures also added to their 2018 investment.

The company said Epic will continue to have only a single class of common stock outstanding and will remain controlled by its founder and CEO, Tim Sweeney.

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