Fortnite creators Epic Games raise $2B from Sony and LEGO to fund metaverse plans

2022.04.11 22:08

Fortnite creators Epic Games raise $2B from Sony and LEGO to fund metaverse plans

Epic Games, the video game publisher behind the popular PC and console game Fortnite, announced a $2 billion funding round with plans to accelerate the company’s vision to make its mark in the Metaverse. The deal, which is still subject to customary regulatory approvals, would bring Epic’s equity valuation to $31.5 billion.

This round includes a respective $1 billion investment from existing investor Sony (NYSE:SONY) Group Corporation and from KIRKBI, the holding company behind the LEGO Group. Sony, the company behind PlayStation consoles, also invested $200 million into Epic in April 2021.

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