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Epic Games, maker of the colossal hit Fortnite, said on Tuesday April 13 that its latest funding round has raised $1 billion, bringing the gaming companys valuation to $28.7 billion.As PYMNTS reported last month, Epic set out to raise $1.7 billion, double the amount it raised in 2019, mostly from mutual funds and institutional investors. According to Reuters, Epic received $200 million from minority shareholder Sony Group Corp, while also raising funds from investors such as Appaloosa, Baillie Gifford and KKR Co Inc. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store, said Epic CEO Tim Sweeney.Four years after its launch, the free-to-play battle-royale game Fortnite has amassed a gigantic fanbase among younger players, with more than 160 million users on its PC store.This news comes as Epic stanley cup canada is engaged in a legal battle with Apple following Epics launch of its own in-app payment method to avoid paying the 30 per stanley mugs cent App Store fee, stanley cup nz which led Apple to ban Fortnite from its store. Apple has said it will argue that it has a wealth of competition in the gaming world as it tries to refute the antitrust allegations leveled by Epic. The company will say that the 30 percent commission it charges essentially matches Google Play or video game hardware stores. Apple contends that its fee Roco SoftBank-Backed Grofers Hires 4K Employees For Shopping Event

Six months into her tenure, U.S. Small Business Administration SBA head Linda McMahon is speaking up about the state of small and mid-sized businesses SMBs in the country.In an interview with聽The Associated Pres stanley termoska s, McMahon pointed to a divide in the SMB community: feelings of both optim stanley usa ism and frustration over lack of access to finance. Entrepreneurs are willing again to be bigger risk-takers than they have been over the past eight years, McMahon told the publication. I think there is still a caution, she added, a result of r stanley cup esidual concerns following the Great Recession.In particular, regulations around taxes and healthcare are a challenge to small business owners today, she said.聽According to reports, McMahon has spent the first six months in her position traveling around the country to meet with small business owners. Throughout that time, she noticed a few patterns in small business sentiment. There a lack of interest, or there is not a trained workforce to come in, she said of the challenges SMB owners face when looking to hire. Companies are struggling with a lack of talent pool, with many telling McMahon the skilled workforce is older, aged 50 to 55, without a younger generation to replace them.The unemployment rate is also at a 16-year low, reports noted, meaning fewer people are looking for jobs. According to McMahon, some small businesses are feeling relief as businesses large and small donate funds and other resources to community colleges and high s