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

 

Reuters

 /  Fri, July 10, 2020  /  08:03 pm
'Fortnite' creator Epic Games gets $250 million investment from Sony

Epic Games, the creator of the popular video game 'Fortnite', said it had received a $250 million investment from Japan's Sony Corp for a minority stake in the company. (Shutterstock/File)

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." 

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