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Epic Games latest $1 billion funding round includes $200m from Sony, values company at $28.7 billion


With major projects like the impending launch of Unreal Engine 5, the maintenance of Fortnite and other Epic titles, and the continued growth and improvement of Epic Games Store, Epic Games has a lot to continue to work on in the future. Fortunately, it just gathered an investment that should help keep things going. The gaming giant just announced completion of a $1 billion round of funding which included $200 million from Sony Group Corporation.
Epic announced the details of its latest $1 billion funding round in a press release on April 13, 2021. While Sony and Epic are no strangers to cooperation (including similar investment occurring in 2020), the recent $200 million strategic investment continues to foster the growth between the two companies. With the $1 billion, Epic Games’ company equity valuation rose to $28.7 billion. Other investment partners making up the $1 billion included Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, T. Rowe Pri ....

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