Epic Games lands about $1.25 bln
Summary
The Raine Group and Guggenheim Securities LLC are serving as financial advisers to Epic Games on the transaction while Smith Anderson is providing legal advice.These investors join Tencent, Disney and Endeavor as minority shareholders in Epic, which continues to be controlled by founder and CEO, Tim Sweeney.This reinforces Epic’s position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world,” said Sweeney.“Alongside a special group of investors, we are thrilled to support Epic’s dedicated employees and the passionate community of players and developers that lies at the heart of everything that Epic Games does.”Epic’s Unreal Engine technology brings highfidelity, interactive experiences to PC, console, mobile, AR, VR and the Web.