Sony Invests another billion U.S. dollars in Epic Games

By on April 12, 2022

Japan’s Sony Group Corp. has invested an additional one billion dollars in Epic Games Inc., the developer of megahit online game Fortnite, the U.S. company said Monday.

Kirkbi, the family-owned holding company behind the Lego Group of Denmark, has also injected one billion dollars funding. Both additional investment will create Epic’s value at $31,5B.

“A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in,” Soren Thorup Sorensen, CEO of Kirbi said in a statement.

The partnership announced by Epic and Lego last week, aims at co-developing a “family-friendly” metaverse for kids.

 

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