![]() ![]() (Reuters) -Epic Games said on Monday it had raised 2 billion from Sony Group Corp and the family owned holding company behind the Lego Group, valuing the 'Fortnite' creator at 31.5 billion. Written by Kyle Campbell on behalf of GLHF. Epic Games valued at about 32 billion in funding from Sony, Lego firm. Epic founder and CEO, Sweeney, continues to control the company, which has only a single class of common. Epic Games’ Fortnite is a popular battle royale game across multiple platforms. With this new 2 billion investment, Epic said it's now valued at 31.5 billion. Developers at Epic Games and the new collections Among the latest news, Epic Games talk about the money they have obtained from companies such as Kirkbi and Sony. Sony and Lego owner Kirkbi each invested US1 billion into Epic, bringing its valuation to US31.5 billion. This announcement comes only a week after Epic Games revealed Unreal Engine 5. Among the Metaverse with Epic Games sponsors are Kirkbi and Sony, who have claimed that the belief in the project is significant as the project is long-term. “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.” We have found this in our partnership with Sony and KIRKBI,” Sweeney said in the same press release. Sony and Lego owner Kirkbi each invested US1 billion into Epic, bringing its valuation to US31.5 billion The game developer is waging a costly legal battle against Apple and Google over the. Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. ![]() “As we reimagine the future of entertainment and play we need partners who share our vision. Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation. Epic Games CEO Tim Sweeney stated that this partnership is excellent for all involved parties. Coming off the heels of the recent Epic Games and Lego Group collaboration announcement, the latters head investment firm, alongside Sony, has fitted the Fortnite maker with 2 billion. Sony had already invested $450 million into Epic Games over the past two years. We’re teaming up with to build a fun place for kids to play in the metaverse! “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.” ![]() “As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time.” Kenichiro Yoshida, CEO of Sony, said in a press release. Both corporations invested $1 billion in Epic Games, respectively. On Monday, Epic Games announced it has received $2 billion in investments from Sony and Lego’s parent company KIRKBI to help build the metaverse. Sony is investing $1 billion into Epic Games, the publisher behind Fortnite. ![]()
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