Epic Games raises over $1 billion in newest financing round - Dexerto
Esports

Epic Games raises over $1 billion in newest financing round

Published: 26/Oct/2018 22:23 Updated: 27/Oct/2018 4:54

by Wyatt Donigan

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After an incredibly successful year with the rising popularity of Fortnite Battle Royale, Epic Games has achieved another large milestone.

If it wasn’t enough that Fortnite continues to be one of the biggest games on the planet, Epic Games just received a massive boost from some big-name investors.

On October 26, the same day Fortnite’s $2.6 million event at TwitchCon kicks off, it was announced that Epic had received $1.25 billion in financing from a group of investors that includes aXiomatic, the company that just a $25 million investment from NBA legend Michael Jordan.

In addition to aXiomatic, Epic received investments from KKR, Iconiq Capital, Smash Ventures, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners.

With these names being some of the biggest in the Silicon Valley venture capital investment scene, it’s just yet another sign of Fortnite’s immense growth and potential here in 2018.

This latest round of investments is perhaps the biggest sign yet that companies are ready to pay top dollar for esports properties over the next few years.

Esports consultant Rod ‘Slasher’ Breslau summed it up perfectly when he said that “the war over competitive video games and esports […] has only begun.”

Speaking of Tencent, Slasher was also quick to remind everyone that Tencent already has a large stake in the esports scene, having invested in multiple companies already.

With Fortnite’s first competitive season featuring a $100 million prize pool spread across the different Skirmish and upcoming World Cup events, time will tell what the prize pool for Season 2 looks like after these investments.

If nothing else, this simply caps off an impressive week for esports after Drake, Michael Jordan, and now the Silicon Valley, have taken the dive with major investments.

League of Legends

Doublelift explains how TSM’s “bad” SwordArt negotiations made him retire

Published: 2/Dec/2020 1:24 Updated: 2/Dec/2020 1:43

by Alan Bernal

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League of Legends star Yiliang ‘Doublelift’ Peng revealed more about the strained timeline of Team SoloMid’s negotiations with Hu ‘SwordArt’ Shuo-Chieh, which ultimately led the North American veteran to retire.

Doublelift went into the off-season with a single objective for TSM: sign an elite support who spoke English. SwordArt just got done with a stellar season lifting his team to win the LPL 2020 Regional Finals and getting second place at Worlds.

The TSM veteran also recommended Team Flash’s Nguyễn ‘Palette’ Hải Trung as a suitable support for TSM. However, DL really wanted to play with a bot-lane partner that spoke his native English; a requirement Palette didn’t fulfill, but SwordArt did.

TSM were looking forward to staving off Doublelift’s retirement by making a deal with SwordArt. However, TSM later told their star ADC that negotiations were shaky, and asked if he would be okay with Palette instead. He wasn’t.

On November 25th, Doublelift retired. On November 26th, TSM announced they had successfully signed SwordArt from Suning on a two-year deal that would pay him an LCS-high of $3 million per season.

“No, I didn’t know SwordArt was coming before I retired,” Doublelift said, before explaining how rough transfer discussions made him lean into retirement. “I was really excited for the whole SwordArt thing. They told me SwordArt was confirmed, and I got really excited

“And then I guess the negotiations were going really bad at certain points. So then they told me: ‘Actually, (the deal with SwordArt) fell through. It’s not going to work. Would you still be committed if your support was Palette?’”

Although impressed with Palette, DL was really keen on getting the bot-lane synergy rolling with someone he could effectively communicate with.

At this point, SwordArt was the unobtainable lynchpin in keeping Doublelift from retirement.

But it wasn’t until a day after Doublelift, 27, decided to retire, after production had wrapped on his retirement video, and after TSM were already moving past the seasoned ADC, that the org announced the new support.

“The whole situation made me realize: I’m better off retired,” Doublelift said.