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Epic Games has raised $1B in new round, bumping its valuation to $28.7 billion

Epic Games bumped up its equity valuation to $28.7 billion following a $1 billion round of funding. The company announced it gained an additional $200 million investment from Sony. This increased valuation comes despite recent reports that Epic has lost as much as $330 million throwing money at the Epic Games Store.
https://www.techspot.com/news/89294-epic-games-completes-successful-1-billion-investment-round.html?utm_source=dlvr.it&utm_medium=blogger

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