Fortnite creator, Epic Games, nears a $750M round at a valuation of about $17bn. Investors include KKR, Baillie Gifford and T. Rowe Price.
In 2018, KKR, Vulcan Capital and other investors bought a $1.25bn stake in the company.
Since the Covid-19 outbreak, interest in video games has increased as more people look for new ways to spend their leisure time. Fortnite has currently over 350M users.