Highlights

  • Epic Games gets $2B from Sony, Lego parent company
  • Epic Games now valued at $31.5 billion
  • Investment to further efforts into metaverse for kids

Latest news

Maharashtra rains: heavy downpour leads to house collapses and lanslides

Maharashtra rains: heavy downpour leads to house collapses and lanslides

Xiaomi 12S Ultra launched with Leica-branded cameras

Xiaomi 12S Ultra launched with Leica-branded cameras

FIRs against director of 'Kaali' in Delhi and UP over 'offensive' film poster

FIRs against director of 'Kaali' in Delhi and UP over 'offensive' film poster

'Baahubali' producer Shobu Yarlagadda slams Resul Pookutty for calling 'RRR' a 'gay love story'

'Baahubali' producer Shobu Yarlagadda slams Resul Pookutty for calling 'RRR' a 'gay love story'

Xiaomi Mi Smart Band 7 Pro launched

Xiaomi Mi Smart Band 7 Pro launched

Epic Games raises $2 billion from Sony, Lego’s parent company to build metaverse for kids

Fortnite developer Epic Games received a $2 billion investment from Sony and the parent company of Lego.

Epic Games, the developers of Fortnite and the Unreal Engine, have raised $2 billion in investment from Sony and the holding company behind the Lego Group. As a result, Epic Games has now been valued at $31.5 billion.

Sony and the Kirkbi investment company each invested around $1 billion dollars. The fundraising is meant to advance Epic Games’ efforts into building a metaverse for kids in partnership with Lego.

With this investment, Sony has tripled its stake in Epic Games. The company invested $250 million into Epic in 2020, and then another $200 million a year later.

Also Read: iPhone 13, now 'Made in India'

Epic Games recently launched Unreal Engine 5, their latest engine which will power games across developers. The company’s stock is privately held, and it is controlled entirely by CEO Tim Sweeney.

Up Next

Epic Games raises $2 billion from Sony, Lego’s parent company to build metaverse for kids

Epic Games raises $2 billion from Sony, Lego’s parent company to build metaverse for kids

Xiaomi Mi Smart Band 7 Pro launched

Xiaomi Mi Smart Band 7 Pro launched

Redmi K-series to make a comeback in India

Redmi K-series to make a comeback in India

AirPods Pro 2 tipped to come with a USB-C port

AirPods Pro 2 tipped to come with a USB-C port

Motorola G42 launched in India

Motorola G42 launched in India

Samsung Galaxy F13 Review: new budget champion?

Samsung Galaxy F13 Review: new budget champion?

More videos

BMW cars will adopt Android Automotive from 2023

BMW cars will adopt Android Automotive from 2023

Instagram will soon convert all videos to Reels

Instagram will soon convert all videos to Reels

OnePlus Nord 2T launched in India

OnePlus Nord 2T launched in India

Snapchat Plus launches for $4/month but does not remove ads

Snapchat Plus launches for $4/month but does not remove ads

5 problems with viral 'flying hotel' design: nuclear-powered giant plane impossible to make?

5 problems with viral 'flying hotel' design: nuclear-powered giant plane impossible to make?

Oppo Reno 8 series with MariSilicon X NPU to launch in July

Oppo Reno 8 series with MariSilicon X NPU to launch in July

Sony launches Inzone accessories for PC gaming

Sony launches Inzone accessories for PC gaming

Spotify Supergrouper lets you form artist-based custom playlists

Spotify Supergrouper lets you form artist-based custom playlists

Get iPhone 13 for under Rs 44,000 on Croma

Get iPhone 13 for under Rs 44,000 on Croma

Pure VPN shuts down its servers in India

Pure VPN shuts down its servers in India

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.