Disney (DIS) executives are interested in acquiring “Fortnite” maker Epic Games at some point, but are waiting for the right moment, tech reporter Alex Heath reported via an appearance on podcast The Town. “I know for a fact there are senior executives in Disney who want them to buy Epic and are just waiting for that moment,” Heath said, “and then there are others who think it’s a bad idea. If Epic ever sold, if it ever decided to call it quits on being an independent company, Disney would be the most natural home for it for a lot of reasons.” Disney is already among investors in Epic Games, along with Tencent (TCEHY), KKR (KKR), and Sony (SONY).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- Apollo near deal to acquire Atlantic Aviation from KKR, Bloomberg says
- Midday Fly By: Carnival cuts forecast on fuel cost, Novartis to buy Excellergy
- Carlyle, KKR selected by U.S. Army to build two $2B data centers, FT says
- KKR to sell CoolIT Systems to Ecolab in $4.75B deal
- KKR to acquire Nothing Bundt Cakes, WSJ reports
