Both companies are now working on a safe and immersive metaverse space for children. The latest funding, which brings Epic’s valuation to $31.5 billion, comes in the wake of the recently announced partnership between the Fortnite maker and LEGO. Sony has already invested a total of $1.45 billion in Epic Games, including $250 million in August 2020 and $200 million in April 2021. “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, ” Sweeney said. Epic Games will continue to have only a single class of common stock and will remain in full control of its CEO Tim Sweeney.Īccording to Sony president and CEO Kenichiro Yoshida, Epic’s expertise 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.” Days after Lego and Epic Games announced their partnership to build a family-friendly metaverse, the toy company’s parent KIRKBI invested 1 billion into Epic for. ![]() Epic Games, the firm behind the smash hit game Fortnite and the. Epic has ambitions to build the metaverse, but it’s unclear whether blockchain, NFTs, and crypto will play a role in its plans. Epic was previously valued at 28.7 billion from a 1 billion funding round in April 2021, which included 200 million from Sony. The new funding bumped Epic’s valuation to 31.5 billion. (Updates with additional context in the third paragraph.Both Sony and KIRKBI, a holding company behind The LEGO Group, invested $1 billion respectively. Lego and Sony Invest 2 Billion into Epic Games for Metaverse Epic Games is more than just Fortnite, and the video game company took a large step towards proving it this week. Fortnite creator Epic Games has raised 2 billion from Sony and LEGO parent KIRKBI, at a 31.5 billion valuation. The Fortnite maker raised 2 billion, split evenly between Sony and Kirkbi, owner of The Lego Group. 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. Epic Games, creator of the Unreal Engine graphics engine and publisher of the massively popular video game Fortnite, has secured 2 billion in a fresh. ![]() Epic last raised cash in May of last year at a 28.7 billion valuation. Last week, Epic said it’s making a “digital experience for kids of all ages” with Lego. Sony and KIRKBI will each contribute 1 billion in the round, which values Epic at 31.5 billion. ![]() “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. 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 vision to build the metaverse and support its continued growth. Both Sony and Lego parent company Kirkbu have invested 2B in Fortnite developer Epic Games to build the metaverse. Sony, which works with Epic on the PlayStation and already owned a stake in the company, and Kirkbi, the family-owned holdings company behind the Lego toy brand, each invested $1 billion in the deal. ![]() The video game maker, among the five most valuable startups in the U.S., is currently waging a costly legal battle with Apple Inc. The company’s valuation about a year ago was $28.7 billion. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation.Epic Games owns the popular game Fortnite, which peaked a couple years ago but still had 80M users in January 2022, according to an article titled Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. and the owner of the Lego Group invested $2 billion in Epic Games Inc., the maker of Fortnite.Įpic is valued at $31.5 billion after the investment, the Cary, North Carolina-based company said Monday in a statement.
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