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.”
-
General23 hours agoSmall team of rowers from Perth represents Australia on world skiffie stage
-
Noosa News24 hours agoElderly driver killed in crash on Mount Coot-tha
-
Noosa News13 hours agoJust as Cannes Did, Sydney Film Festival Has Awarded Its Major 2025 Prize to Jafar Panahi’s ‘It Was Just an Accident’
-
Noosa News18 hours agoIranian Australians share ‘mixed’ emotions after Israeli missiles kill regime officials