Epic Games has raised another 2 billion in its latest funding round to build the metaverse and support its continued growth. The deal with KIRKBI was foreshadowed last week, when Lego and Epic announced plans to create an “immersive, creatively inspiring and engaging digital experience” for kids and families. Epic Games receives 2B in latest funding round Sony and Lego firm invest Rohan Ap News The Fortnite and Unreal Engine maker aims to build the metaverse. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Epic’s plans to build a metaverse just got a huge cash injection: today the Fortnite developer announced a 2 billion round of funding, which it says will be used to advance the company’s. As it works to turn a former shopping mall into its new headquarters, Cary-based Epic Games is adding another 2 billion to its coffers, bringing its valuation to 31.5 billion a situation. “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.” Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. “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. ![]() 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. The gaming company argued that Apple’s 30 percent cut of purchases was monopolistic. 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. 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. Sony, Lego invest 2B in 'Fortnite' maker Epic Games Pitchbook Apat 1:00 AM 1 min read Epic Games has raised 2 billion from Lego owner Kirkbi Invest and Sony as the. “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. ![]() WWE Stunner: Vince McMahon Says He Plans to Rejoin Board of Directors as Company Pursues Possible Sale 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.
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