We'll see if Sony and LEGO can stomach Sweeney's views on whether software payment processors deserve 3% or 30% of a transaction. Sony and LEGO appear to desire access to Epic's gaming software expertise. 11CARY Carys Epic Games, the gaming Goliath behind global sensations like Fortnite and Rocket League, raised 2 billion in its latest round of funding, bringing the companys total. The deal, which is subject to customary closing conditions, would value. The latest round comes after Epic Games raised 1 billion in 2021 and 1.78 billion in 2020. Sony and Kirkbi, the family owned investment firm behind Lego, are investing 2 billion in Fortnite maker Epic Games. By partnering with Sony and LEGO, Epic Games gains access to valuable intellectual property to draw users into its metaverse. Epic Games says the latest raise stretches its valuation to above 31 billion. Launching a metaverse is expensive and risky. ![]() Kenichiro Yoshida, Chairman, President, and CEO of Sony Group Corporation, said: "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." ![]() Epic Games announced a 2 billion round of funding, with existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and. Epic Games has announced a 2 billion investment in its metaverse development, with Sony contributing half of the funds. The new 2B round of funding values Epic Games at 31.5B and will help expand its work in the metaverse, gaming and virtual production. Epic Games Metaverse development receives a 2 billion investment. Søren Thorup Sørensen, CEO of KIRKBI explained his firm's metaverse investment: "A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in." This investment announcement follows last week's announcement that Epic Games has partnered with LEGO to develop a metaverse for children. Sony and The Lego Group collectively invest 2 billion in Epic Games Metaverse development. The company noted that Epic, whose stock is privately held, remains. Sweeney's metaverse vision is closer to the general crypto vision than Meta's, but there's still no crypto tie-in necessary for Epic to profit. Monday’s statement said Epic Games is now valued at 31.5 billion, up another 3 billion from last year’s buy-ins. Epic allows crypto games to operate on their platform, while its main competitor, Steam, has banned them. Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. Tim Sweeney, CEO of Epic Games, has long been a proponent of crypto. Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation. KIRKBI and Sony each invested $1B at a $31.5B post-money equity valuation.Įpic 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 "Is Fortnite Dying?" Epic also makes game development suite Unreal Engine, which has ~15% market share. Game studio and software firm Epic Games announced it raised $2B from KIRKBI, LEGO's holding company, and Sony. ![]() 1 min read Photo by roderick Sia / Unsplash.
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