Epic Games is reportedly seeking a fundraising round of somewhere between $500 million- $1 billion. The valuation of the company will be “significantly higher” than its previous valuation during its last funding round which was $15 billion. Katie Roof, Gillian Tan and Liana Baker at Bloomberg also report that these plans are not final and could still change.
The coronavirus pandemic is having many different effects on the gaming industry. Jason Schreier writes for The New York Times about all of these ups and downs. Production at studios across the world have been affected by working from home. Overall sales are up with people having much more time to play games due to working from home or being laid off. There could very well be changes to the timelines of the new console generation that was set to launch later this year. All that and more.