How Much Did Disney Buy Fortnite For?
Fortnite, the popular battle royale game developed by Epic Games, has been a global phenomenon since its release in 2017. With its unique blend of gameplay, quirky characters, and colorful visuals, Fortnite has captured the hearts of millions of players worldwide. So, when the news broke that Disney was acquiring Fortnite, many wondered: How much did Disney buy Fortnite for?
Short Answer: Disney Did Not Buy Fortnite
To put your mind at ease, Disney did not acquire Fortnite. In fact, Fortnite’s developer, Epic Games, is an independent company that remains under the ownership of its founders, including Tim Sweeney, who is still the CEO.
What Happened Instead?
While Disney did not buy Fortnite, Epic Games did receive a significant investment from Tencent Holdings, a Chinese conglomerate, in 2012. At the time, Tencent invested $330 million in Epic Games, giving the company a 48.4% stake. This investment allowed Epic Games to focus on developing Fortnite and other projects, while also providing a financial safety net.
Why Did Disney Not Acquire Fortnite?
So, why didn’t Disney acquire Fortnite? According to reports, Disney was interested in acquiring a stake in Epic Games, but negotiations broke down due to disagreements over the valuation of the company. Tencent Holdings was reportedly unwilling to sell its stake in Epic Games, and Disney ultimately decided not to pursue the acquisition.
What Did Disney Buy Instead?
If Disney didn’t acquire Fortnite, what did they buy instead? In 2019, Disney acquired Fox’s 22.9% stake in Sky for $40 billion. This deal gave Disney full control of Sky, a UK-based satellite television provider.
Tencent Holdings’ Stake in Epic Games
As mentioned earlier, Tencent Holdings owns a 48.4% stake in Epic Games. This stake has been the subject of much speculation, with some wondering what the implications are for Fortnite’s future.
Table: Tencent Holdings’ Stake in Epic Games
| Stake | Percentage |
|---|---|
| Tencent Holdings | 48.4% |
| Tim Sweeney (Epic Games founders) | 51.6% |
Epic Games’ Revenue and Profits
Fortnite’s massive success has generated significant revenue and profits for Epic Games. In 2020, Fortnite generated an estimated $5.4 billion in revenue, with net profits reaching $1.4 billion.
FAQs
Q: Who owns Fortnite?
A: Fortnite is owned by Epic Games, an independent company that remains under the ownership of its founders.
Q: Did Disney buy Fortnite?
A: No, Disney did not acquire Fortnite. Epic Games is an independent company that remains under the ownership of its founders.
Q: Who is the CEO of Epic Games?
A: Tim Sweeney is the CEO of Epic Games.
Q: What is the value of Epic Games?
A: The value of Epic Games is not publicly disclosed, but it is estimated to be in the billions of dollars.
Q: How much did Tencent Holdings invest in Epic Games?
A: Tencent Holdings invested $330 million in Epic Games in 2012.
Q: What is the stake of Tencent Holdings in Epic Games?
A: Tencent Holdings owns a 48.4% stake in Epic Games.
Q: What did Disney acquire instead of Fortnite?
A: Disney acquired Fox’s 22.9% stake in Sky for $40 billion.
Q: How much revenue did Fortnite generate in 2020?
A: Fortnite generated an estimated $5.4 billion in revenue in 2020.
Q: What are the implications of Tencent Holdings’ stake in Epic Games?
A: The implications of Tencent Holdings’ stake in Epic Games are unclear, but it may give the company some influence over Fortnite’s development and direction.