![]() Jose Najarro, a contributing analyst at The Motley Fool who covers the tech and gaming industries, tells NPR the $2 billion investment "affirms that the metaverse has a future for the gaming community." He adds that it could also further Epic's game engine development: "Unreal Engine is a software tool to create and design video games, and could be an essential tool for creating the metaverse. Epic Games has announced a 2 billion investment in its metaverse development, with Sony contributing half of the funds. April 11 (Reuters) - 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, valuing the 'Fortnite'. Epic Games Metaverse development receives a 2 billion investment. More simply put, the partnership of Lego and Epic will "build a fun place for kids to play in the metaverse!" as Epic tweeted when it announced a partnership with Lego a few days ago. Sony and The Lego Group collectively invest 2 billion in Epic Games Metaverse development. 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," Sweeney says in a statement. Sony, Lego invest 2B in Fortnite maker Epic Games Pitchbook Apat 1:00 AM Today the company has some 40 offices around the world. The latest round comes after Epic Games raised 1 billion in 2021 and 1.78 billion in 2020. ![]() In addition to Fortnite, Epic developed the 3D game engine Unreal Engine. Epic Games says the latest raise stretches its valuation to above 31 billion. Headquartered in Cary, N.C., Epic Games was founded by CEO Tim Sweeney in 1991. Sony Group & Lego owner 2B investment in Epic Games now values the company at 31. (Reuters) -Epic Games said on Monday it had raised 2 billion from Sony Group Corp and the family owned holding company behind the Lego Group, valuing the 'Fortnite' creator at 31.5 billion. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Sony and Kirkbi will each invest $1 billion in Epic. Epic Games valued at about 32 billion in funding from Sony, Lego firm. Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. and Kirkbi, the family-owned company behind The Lego Group. Rafael Henrique/SOPA Images/LightRocket/Getty ImagesĮpic Games, creators of the wildly popular video game Fortnite, just got a $2 billion investment from legacy entertainment giants Sony Group Corp. Epic, the creator of Fortnite, is getting investments of $1 billion each from Sony and the company that makes Lego.
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