Sony invests an extra $1 billion in ‘Fortnite’ creator Epic Games | : Breaking News, Japan News and Analysis
Summary
The headquarters of Sony Group Corp. in Tokyo (Asahi Shimbun file photo) Sony Group Corp. said on April 12 that it will invest an additional $1 billion (125 billion yen) in Epic Games Inc., the U.S. video game developer behind the hugely popular “Fortnite” shooter. Sony plans to accelerate collaboration with Epic Games in “metaverse,” the online virtual-reality space that is becoming the key digital environment. The latest investment will bring the total to $1.45 billion and give Sony a 4.9-percent stake in the company. The parent company of the Lego Group in Denmark will also invest $1 billion in Epic Games. In January this year, Sony Group announced that it will acquire U.S. game software development company Bungie Inc. for $3.6 billion.
Funding
Amount
$2.0B
Total raised
Date
April 11, 2022
Announcement date
Investors
JetPay, Sony Corporation of America
Lead investors
Company
http://www.epicgames.com
Funded company
Classifications
industries
Entertainment
applications
Time Accounting
AskAI Classifications
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