Epic Games collects $ 841 million in Sony-led tour | Companies

Epic Games collects $ 841 million in Sony-led tour |  Companies

Epic Games, creators of the popular video game Fortnite, has closed a new round of financing worth $ 1,000 million (€ 841 million) and the company’s value rises to $ 28,700 million (€ 24,136 million).

That way, in just eight months, the video game developer and distributor increased their valuation by 61% from $ 17.8 billion (€ 14.969 million) in August 2020.

Sony led the tour with $ 200 million (168.2 million euros) like the one in the eighth month of last year, when it invested $ 250 million (210.2 million euros).

According to Epic Games, Sony’s investment is based on “the already close relationship between the two companies,” as well as strengthening their “common vision” on technology, entertainment and online social services.

Other investors who participated in the tour included: Appaloosa, Baillie Gifford, Fidelity, Singapore’s Sovereign Wealth Fund, BlackRock, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital.

The company has confirmed that it still owns only one type of stock and that the current CEO, Tim Sweeney, is the major shareholder and controlling interest in the company.

We are grateful to our new and existing investors, who support our vision for Epic and Metaverse. Their investment will help accelerate our work in building connected social experiences such as Fortnite, Rocket League and Fall Guys while enabling Sweeney said game developers and creators are with Unreal Engine and Epic. Online Services and Epic Games Store “.

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Pat Maxwell

"Bacon specialist. Hardcore internet enthusiast. Twitter trailblazer. Writer. Thinker. Explorer."

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