All publications by tag «fortnite»

News

Microsoft sides with Epic amid dispute with Apple

Last week, Apple announced it would terminate all Epic’s developer accounts and block iOS and Mac development tools for the Fortnite company. Epic filed a motion for temporary restraning order on Apple’s actions. According to the documentation Epic submitted to the court, Apple’s decision does not simply target Fortnite on iOS and Mac devices. It’s also “a direct attack on the ongoing viability of the Unreal Engine” on those platforms.

Microsoft certaintly sees it that way. 

News

Epic Games to raise $750 million

Epic Games is about to raise a $750 million round of funding, which will value the company at about $17 billion. This is according to Bloomberg, which relies on sources familiar with the matter.

Existing investors including KKR & Co. will participate in the round, while some funding will come from new investors like T. Rowe Price Group Inc. and Baillie Gifford.

In 2018, the company behind Fortnite and Unreal Engine was valued at $15 billion.