(Updates with additional context in the third paragraph. Details on the virtual experience remain sparse, but Epic and Lego emphasized it would be a “safe and positive space” for kids to play online. Last week, Epic said it’s making a “digital experience for kids of all ages” with Lego. Digital Sony, Lego Owner Invest 2B in ‘Fortnite’ Publisher Epic Games The new investment values Epic at 31.5 billion, up from a 28.7 billion valuation less than a year ago. “All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds,” according to the statement. Sony, which works with Epic on the PlayStation and already owned a stake in the company, and Kirkbi, the family-owned holding company behind the Lego toy brand, each invested $1 billion in the new deal. Last week, Epic released Unreal Engine 5.
EPIC FORTNITE 2B SONY LEGO 31.5B SOFTWARE
In addition to producing Fortnite, which has hundreds of millions of registered users, Epic Games also makes one of the most popular game engines, Unreal Engine. Epic Games, the American video game and software developer behind the successful battle royale title 'Fortnite,' announced it secured 2 billion in new funding from tech giant Sony and the. In September, a California judge found Apple not guilty on nine of 10 counts Epic is appealing the case. The gaming company behind the battle royale hit Fortnite announced it had completed a 2 billion raise Monday, putting the firm’s post-money equity valuation at 31.5 billion.
The company noted that Epic, whose stock is privately held, remains. Epic runs its own app store, the Epic Games Store, and alleges that Apple and Alphabet’s Google engage in anti-competitive practices. Monday’s statement said Epic Games is now valued at 31.5 billion, up another 3 billion from last year’s buy-ins. The deal, which is subject to customary closing conditions, would value. The game company, among the most valuable startups in the U.S., is currently waging a costly legal battle with Apple Inc. Deals 16:41 Epic Games raises 2 billion from Sony and LEGO parent company KIRKBI at 31.5 billion valuation Published by Evgeny Obedkov Tags: Epic Games, KIRKBI, Sony Epic Games has closed a 2 billion round of funding with participation from Sony and KIRKBI. Sony and Kirkbi, the family owned investment firm behind Lego, are investing 2 billion in Fortnite maker Epic Games. Epic’s valuation about a year ago was $28.7 billion. (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. Epic is valued at $31.5 billion after the investment, the Cary, North Carolina-based company said Monday in a statement. Epic Games valued at about 32 billion in funding from Sony, Lego firm.
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