Game company Epic Games has recently announced that it has secured an additional $200 million strategic investment from the Sony Group Corporation.
Aside from the additional investment, Epic Games has also completed a $1 billion round of funding, which will allow it to support future growth opportunities. Its equity valuation is now $28.7 billion.
The additional investment has made the two companies closer than ever and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially-connected online services. Several other investment partners include Appaloosa, Baillie Gifford, Fidelity Management and Research Company LLC, and more.
“We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store,” said Tim Sweeney, CEO and Founder, Epic Games.
“Epic continues to deliver revolutionary experiences through their array of cutting edge technologies that support creators in gaming and across the digital entertainment industry. We are excited to strengthen our collaboration to bring new entertainment experiences to people around the world. I strongly believe that this aligns with our purpose to fill the world with emotion, through the power of creativity and technology,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation.
Source: Epic Games