Admin Posted April 13, 2021 Share Posted April 13, 2021 Illustration by Alex Castro / The Verge Sony has just invested another $200 million in Epic Games as part of a $1 billion funding round, Epic announced today. Over a dozen investors contributed toward the funding round, which valued the Fortnite developer at $28.7 billion. That’s over $10 billion more than Epic Games’ estimated value at the time of Sony’s major investment last July. Epic Games CEO Tim Sweeney is still the company’s controlling shareholder after the investment. In a press release, Sweeney said that Epic will use the investment to “help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store.” The... Continue reading… View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.