"Disney's $1.5 Billion Stake in Epic Games: A Game-Changer for the Metaverse"
TL;DR Summary
Disney's $1.5 billion investment in Epic Games values the Fortnite maker at $22.5 billion, representing a 29% drop from its previous valuation. This investment, one of the largest in a private, venture-backed company, comes amidst tech valuation challenges due to higher interest rates. The deal will dilute existing Epic shareholders by 9% and would give Disney a roughly 7% stake in the company.
- Disney's Epic Deal Values Fortnite Maker at $22.5 Billion, a Sharp Cut The Information
- What Disney’s $1.5 billion Epic stake means for the metaverse The Washington Post
- Disney's Epic deal shows sharp cut in Fortnite maker's valuation -The Information Yahoo! Voices
- Disney to take $1.5 billion stake in Epic Games, work with Fortnite maker on new content CNBC
- Disney Deal Could Help 'Fortnite' Maker Level Up The Wall Street Journal
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