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Epic Games, Inc. is an American video game and software developer and publisher based in Cary, North Carolina.The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents' house in Potomac, Maryland.
In 1986, he bought a nearly bankrupt company in Texas which owned the phone number 1-800-Flowers. [3] McCann changed the name of his chain accordingly. In 1992 and 1994, McCann established deals with online pioneers CompuServe and AOL , making his company one of the first retailers to establish an online presence. [ 3 ]
Michael V. Capps or Mike Capps is an American video game designer who was the president of Epic Games, based in Cary, North Carolina from 2002 to 2012. [1] In 2018, he co-founded a new artificial intelligence company called Howso. [2]
When the company raised $1.78 billion in the summer of 2020, it publicized its new $17.3 billion valuation. The next year, Epic secured another $1 billion and shared it was then worth $28.7 billion.
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[1] [2] [3] He is also a co-owner of the NHL's Carolina Hurricanes. [4] Rein often gives assessments of the progress of his company and gives a monthly update in the magazine Game Developer where he also provides a updates on the state of the Unreal Engine. He resides in Raleigh, North Carolina, though he was raised in Toronto, Ontario, Canada. [5]
A settlement was first revealed in December 2022, at which time Epic Games was ordered to pay $245 million to clear up allegations that it used deceptive means to fool players into making unwanted ...
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