Sony Corp.
Sony Invests $1B in Bandcamp and ‘Fortnite’ Owner Epic Games
Epic Games, the publisher of the popular video game Fortnite and creator of the Unreal Engine graphics software that is popular with Hollywood, has raised $2 billion in a new fundraising round from Sony Group Corp. and KIRKBI, the owner of the Lego toy and entertainment brand. Epic says it will use the cash infusion to work with its investors and “create new social entertainment exploring the connection between digital and physical worlds.” Yes, it’s about the metaverse. Sony and KIRKBI will each contribute $1 billion in the round, which values Epic at $31.5 billion. Epic last raised cash in May of last year at a $28.7 billion valuation. Sony was also part of that round. Epic founder and CEO Tim Sweeney remains the controlling shareholder of the company. “This investment will acc...
