![]() (Updates with additional context in the third paragraph. Details on the virtual experience remain sparse, but Epic and Lego emphasized it would be a “safe and positive space” for kids to play online. and the owner of the Lego Group invested 2 billion in Epic Games Inc., the maker of Fortnite. Last week, Epic said it’s making a “digital experience for kids of all ages” with Lego. “All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds,” according to the statement. Sony, which works with Epic on the PlayStation and already owned a stake in the company, and Kirkbi, the family-owned holding company behind the Lego toy brand, each invested $1 billion in the new deal. The new investment values Epic at 31.5 billion, up from a 28.7 billion valuation less than a year ago. Last week, Epic released Unreal Engine 5. In addition to producing Fortnite, which has hundreds of millions of registered users, Epic Games also makes one of the most popular game engines, Unreal Engine. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. In September, a California judge found Apple not guilty on nine of 10 counts Epic is appealing the case. Epic Games Raises 2B for Metaverse from LEGO and Sony News Here's the full article text: Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. Epic runs its own app store, the Epic Games Store, and alleges that Apple and Alphabet’s Google engage in anti-competitive practices. The game company, among the most valuable startups in the U.S., is currently waging a costly legal battle with Apple Inc. Epic last raised cash in May of last year at a 28.7 billion valuation. The company was valued at 31.5 billion following the raise. Sony and KIRKBI will each contribute 1 billion in the round, which values Epic at 31.5 billion. Epic’s valuation about a year ago was $28.7 billion. The company behind the wildly popular Fortnite game has laid out its plans. News by Victoria Kennedy News Reporter Published on Follow Fortnite 24 comments Sony has. and Kirkbi, the family-owned company behind. Sony, Lego group invest 1bn each in Fortnite maker Epic Games Drakes fortune. Epic is valued at $31.5 billion after the investment, the Cary, North Carolina-based company said Monday in a statement. Epic Games, creators of the wildly popular video game Fortnite, just got a 2 billion investment from legacy entertainment giants Sony Group Corp. Sony, Lego invest 2B in 'Fortnite' maker Epic Games Pitchbook Apat 1:00 AM 1 min read Epic Games has raised 2 billion from Lego owner Kirkbi Invest and Sony as the.
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