![]() We'll see if Sony and LEGO can stomach Sweeney's views on whether software payment processors deserve 3% or 30% of a transaction. The two companies have each put 1bn into Epic in deals designed to strengthen their digital presence, with the game publisher valued at 31. Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31. Sony and LEGO appear to desire access to Epic's gaming software expertise. Epic Games, the makers of hit battle royale title Fortnite, received a 2bn investment boost from Sony Group Corp and the owners of the Lego Group, Kirkbi this week. By partnering with Sony and LEGO, Epic Games gains access to valuable intellectual property to draw users into its metaverse. Launching a metaverse is expensive and risky. Sony and KIRKBI, an investment group with ties to Lego, have invested a total of 2 billion in Fortnite developer Epic Games to build the future of the metaverse. Kenichiro Yoshida, Chairman, President, and CEO of Sony Group Corporation, said: "Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives." Søren Thorup Sørensen, CEO of KIRKBI explained his firm's metaverse investment: "A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in." This investment announcement follows last week's announcement that Epic Games has partnered with LEGO to develop a metaverse for children. Sweeney's metaverse vision is closer to the general crypto vision than Meta's, but there's still no crypto tie-in necessary for Epic to profit. The startup just raised a 13 million Series A. Epic allows crypto games to operate on their platform, while its main competitor, Steam, has banned them. 11:30 PM PDT ApMeet Thynk, a new company that wants to build the definite enterprise software solution for the hospitality industry. Epic’s post-money equity valuation stands at 31. Tim Sweeney, CEO of Epic Games, has long been a proponent of crypto. KIRKBI and Sony each invested $1B at a $31.5B post-money equity valuation.Įpic Games owns the popular game Fortnite, which peaked a couple years ago but still had 80M users in January 2022, according to an article titled "Is Fortnite Dying?" Epic also makes game development suite Unreal Engine, which has ~15% market share. Epic Games, the world-famous creator of Fortnite, recently announced it had closed a 2 billion financing round that featured investments from both Sony, and KIRKBI, the family-owned company behind The Lego Group.Both Sony and KIRKBI reportedly invested 1 billion apiece into Epic Games. ![]() ![]() Epic was previously valued at 28.7 billion from a 1 billion funding round in April 2021, which included 200 million from Sony. The new funding bumped Epic’s valuation to 31.5 billion. Game studio and software firm Epic Games announced it raised $2B from KIRKBI, LEGO's holding company, and Sony. The Fortnite maker raised 2 billion, split evenly between Sony and Kirkbi, owner of The Lego Group. 1 min read Photo by roderick Sia / Unsplash. ![]()
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