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Epic Games' worth drops as Fortnite has a hard time finding new players.

MarketRead the original at benzinga.com
Bad for DIS

Walt Disney Co invested $1.5B in Epic in Feb 2024 at a $22.5B valuation; Epic's private-market price has fallen, lowering the paper value of Disney's stake.

DIS · Walt Disney Co

AI read · Bad for DIS

The AI's read

Disney invested $1.5B in Epic at a $22.5B valuation in Feb 2024; Epic's private-market price and Fortnite engagement have since fallen, which reduces the paper value of Disney's stake.

SONY · Sony Group Corp

AI read · Bad for SONY

The connection

Sony invested $1B in Epic at the company's $31.5B April 2022 valuation; subsequent valuation declines reduce the paper value of Sony's stake.

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