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Endeavor to Sell Minority Stake in 'Fortnite' Maker Epic Games

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www.hollywoodreporter.com

Endeavor is eyeing a sale of a portion of its stake in Fortnite maker Epic Games, sources close to the situation have confirmed to The Hollywood Reporter.

The WME parent corporation owns a minority piece of the video game company and is looking to sell a part of its stake for a high multiple.

The news of the sale comes on the heels of a Bloomberg report last month that Epic is looking to raise an additional round of funding.

The most recent market valuation of Epic Games placed the company's value at $15 billion. Epic declined to comment on the sale.

Read more on hollywoodreporter.com
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