Endeavor Group is likely to sell shares in the game developer, which is near to raising money in a round that will boost its valuation from $15bn to $17bn.
Epic Games, the US-based video game developer backed by corporate investors Tencent, Walt Disney and Axiomatic, is close to raising $750m at a $17bn valuation, Bloomberg reported yesterday.
Investment management firms T. Rowe Price and Baillie Gifford are set to participate in the round along with existing backers including investment firm KKR, people familiar with the matter told Bloomberg.
Founded in 1991, Epic is best known for Fortnite, the immensely popular battle royale game that generated more than $4bn in…
