#Epic fortnite 2b sony lego 31.5b software

The latest funding round puts the Fortnite-maker’s post-money equity valuation at 31.5 billion. “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.” 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 said on Monday it had raised 2 billion from Sony Group Corp (6758.T) and the family owned holding company behind the Lego Group, giving the Fortnite maker a valuation of 31.5 billion. Epic Games has raised another 2 billion in its latest funding round to build the metaverse and support its continued growth. “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.” said Kenichiro Yoshida, chairman, president and CEO of Sony Group Corp., in a statement.

#Epic fortnite 2b sony lego 31.5b software

In trial, a judge ruled that Apple was OK to charge a commission, but found that the tech giant’s anti-steering rule (which said that companies like Epic couldn’t direct users to their website to pay for a subscription or content) was inappropriate. Fortnite creators Epic Games raise 2B from Sony and LEGO to fund metaverse plans Ornella Hernández Fortnite creators Epic Games raise 2B from Sony and LEGO to. 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. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. The gaming company argued that Apple’s 30 percent cut of purchases was monopolistic. Ryan Taylor 1 min read Photo by roderick Sia / Unsplash Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. The company has also been on the hunt for acquisitions, most recently the music and artist community platform Bandcamp, just last month.īut it has also faced public scrutiny, driven by its antitrust lawsuit against Apple. “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,” said Sweeney in announcing the deal.Įpic has seen record-smashing growth in recent years, driven by Fortnite and the continued expansion of Unreal. Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. WWE Stunner: Vince McMahon Says He Plans to Rejoin Board of Directors as Company Pursues Possible Sale Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation.