Epic Games paid just $35 million for Houseparty, roughly half the amount of funding the Sequoia-backed startup had raised, and now the app is booming
The video chatting app Houseparty has seen user numbers surge since COVID-19 lockdowns left most of the world trapped inside.
Epic Games bought Houseparty in 2019 for just $35 million, according to a source with direct knowledge of the deal.
That's good news for Epic Games, the video game company that owns the app, as well as the popular video games Rocket League and Fortnite.
Epic Games acquired Houseparty in June 2019 for just $35 million, according to a source with direct knowledge of the deal.
In 2018, two years after it launched, Houseparty reported 20 million total users, more than half under the age of 24.
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