Technology
‘Fortnite’ creator Epic Games gets $250 million investment from Sony – The Jakarta Post – Jakarta Post
Epic Games said it had received a $250 million investment from Japan’s Sony Corp for a minority stake in the company.
Epic Games, the creator of the popular video game “Fortnite”, said on Thursday it had received a $250 million investment from Japan’s Sony Corp for a minority stake in the company.
Last month, Bloomberg reported that Epic was close to raising a $750 million round of funding, from investors including T. Rowe Price Group Inc and Baillie Gifford, at a valuation of about $17 billion.
Read also: Fortnite superstar ‘Ninja’ takes gameplay to YouTube
Epic, which also developed the game engine “Unreal”, in 2018 received $1.25 billion in funding from investors, including KKR & Co Inc .
Sony is all set to launch its next-generation console PlayStation 5 later this year, with titles including Ubisoft’s “Assassin’s Creed Valhalla” and Rockstar Games’ “Grand Theft Auto V.”
-
Noosa News13 hours agoQueensland weather forecast sees sunny weather for last week of winter
-
Noosa News15 hours agoForum responds to urgent homelessness issues in Nambour
-
Noosa News10 hours agoNew FLC President has regional lens – Proctor
-
Business12 hours agoDoes Macquarie rate BHP shares a buy after its FY25 results?