Sony invests $ 200 million in Epic Games

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Recent news indicated that the Epic Store is incurring huge financial losses in its war with Steam, however, it does not appear that Epic Games is suffering financially, after the CEO recently announced the closure of a new billion-dollar funding round to support the company’s long-term vision for the Metaverse project.

The new investment represents less than 3.5% of the value of the company, making the valuation of Epic Games up to $ 28.7 billion, and this is a big jump in the valuation from the last big financing round for Epic, as the company previously raised $ 1.78 billion in investments out of the total valuation of 17.3. Billion dollars last August.

Even after these massive investments, Tim Sweeney, the company’s CEO, has retained enough shares to remain the controlling shareholder, while Sony was a major shareholder in both rounds, making $ 250 million last year and followed by another $ 200 million in the round announced. About it today.

Other investors on this tour included Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, and many other companies.

For his part, the CEO of Epic stated:

We are grateful to our new and existing investors who support our vision for Epic and metaverse, their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers with Unreal Engine, Epic Online Services and the Epic Games Store.

It is noteworthy that the last period witnessed new information about the raging conflict between Epic and Apple, with the confirmation that the case of Epic Games against Apple will take place in the real world, not digitally.

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I always look for a good story, an elaborate scenario, and an exciting dramatic plot in any video game, and there is no objection to touching on competitive games with innovative and exciting ideas.

Note: The content of this news was written by Saudi Gamer It does not express a point of view Egypt today Rather, it was transferred with its content as it is from Saudi Gamer We are not responsible for the content of the news and the custody of the previous source mentioned.





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