'Fortnite' creator Epic Games gets $250 mln investment from Sony | The Daily Star
05:28 AM, July 16, 2020 / LAST MODIFIED: 05:36 AM, July 16, 2020

'Fortnite' creator Epic Games gets $250 mln investment from Sony

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.

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."

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