Epic founder and CEO, Sweeney, continues to control the company, which has only a single class of common stock. With this new $2 billion investment, Epic said it's now valued at $31.5 billion. Sony, along with LEGO parent company KIRKBI, are each investing 1 billion in Fortnite publisher Epic Games in an effort to 'deepen their relationship' with the metaverse. Stock Markets Published 06:04AM ET Updated 10:36AM ET Fortnites Epic Games Raises 2 Billion From Sony (SONY) and Lego-owner KIRKBII at 31.5 Billion Valuation. "This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive," Sweeney said. This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse."Įpic CEO Tim Sweeney said Epic needs partners "who share our vision" for the "future of entertainment," and those companies include Sony and Lego. KIRKBI CEO Søren Thorup Sørensen added, "A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in. The company, which is best known for its esports title Fortnite, now has a valuation of 31.5 billion. We are also confident that Epic's expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives." Sony and Lego owner Kirkbi each invested US1 billion into Epic, bringing its valuation to US31. Epic Games has announced a 2 billion investment funding from Sony Group Corporation and Denmark-based investment company KIRKBI. Sony Group CEO Kenichiro Yoshida said, "We are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time. Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31. This is just the latest investment from Sony, which has already invested $450 million into Epic Games over the years.Īs for Lego, its investment is no surprise, either, as Epic and Lego just announced a massive deal to create new family-friendly virtual playspaces aimed at children. Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. Sony Group and KIRKBI-the holding an investment company that runs The Lego Group-are each investing $1 billion into Epic Games. Epic Games, producer of the videogame megahit Fortnite, on Monday announced a 2 billion investment from Sony and Kirkbi, the family-owned holding and investment company behind The Lego Group. Sony Group and the owners of The Lego Group are investing $2 billion into Fortnite studio Epic Games as the company continues its mission to create a metaverse.
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