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Disney to take $1.5 billion stake in Epic Games, maker of Fortnite (www.cnbc.com)

submitted 9 months ago by How_Sway@lemmy.ml to c/gaming@lemmy.ml

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[–] dan1101@lemm.ee 9 points 9 months ago (1 children)

I wonder what percentage stake that will give them. Tencent owns 40% of Epic.

[–] halcyon@slrpnk.net 5 points 9 months ago

Last published valuation I see is 31.5B in 2022, so roughly 5%.

What’s interesting is the shares, Kirkbi (Lego) owns 3%, Sony 4.9%, Tencent 40%, and the CEO was reported as owning “over half”, I’d assume that means the remaining 52.1% - which would mean he gave up his majority stake for this deal.