Sony has just invested another $200 million in Epic Games as part of a $1 billion funding round. The round valued the Fortnite developer at $28.7 billion.
Epic nets $1 billion in funding, including $200 million investment from Sony
Epic Games has secured $1 billion in funding to support its long-term vision for the metaverse.
Notably, the round places Epic s equity valuation at $28.7 billion and includes a $200 million strategic investment from Sony, which last year purchased a minority stake in the
Fortnite,
Rocket League, and
Fall Guys, while continuing to expand the Epic Games Store, Unreal Engine, and Epic Online Services.
That sentiment was echoed by Sony chairman, president, and CEO Kenichiro Yoshida, who said the PlayStation maker was excited to strengthen its collaboration with Epic with a view to bringing new entertainment experiences to people around the world.
Sony just pumped even more money into Fortnite creator Epic Games
Eric Abent - Apr 13, 2021, 1:04pm CDT
Alongside today’s announcement that Aloy from
Horizon Zero Dawn will be the next character to join Fortnite‘s Gaming Legends series, we’re also hearing the news that Sony is bolstering its relationship with Epic Games through a new, sizable investment in the company. Epic has just wrapped up another round of funding, and it seems Sony is one of the major contributors this time around. This isn’t the first time that Sony has invested a significant chunk of change into the
Fortnite Creator Epic Games Raises $1 Billion at a $28.7 Billion Valuation
Sony contributed $200 million to the latest round of funding, just a year after putting $250 million in EpicSean Burch | April 13, 2021 @ 7:44 AM Last Updated: April 13, 2021 @ 7:48 AM
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Epic Games, the gaming company behind the megahit “Fortnite,” said on Tuesday it had raised $1 billion in its latest funding round pushing the company’s valuation up to $28.7 billion, a 60% increase since just last summer.
Sony Group contributed $200 million as part of the latest round, adding to the $250 million the Japanese conglomerate invested in the company last year. (Epic was valued at about $17.9 billion at the time Sony invested last year.) Appaloosa, Baillie Gifford, and Fidelity Management & Research were also included in Epic’s latest round of financing, as well as investments from firms like BlackRock and Luxor Capital.