Epic founder and CEO, Sweeney, continues to control the company, which has only a single class of common. The closing of the investment is subject to customary closing conditions, including regulatory approvals. With this new 2 billion investment, Epic said it's now valued at 31.5 billion.
#EPIC FORTNITE SONY KIRKBI 31.5B FULL#
3.17 of Epics stock, and Tim Sweeny being specified as being under full control, implying he still has 50 + 1 share. “We are also confident that 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.” In this specific transaction, both Sony and KIRKBI both acquired approx. “As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time.” said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation.
The nebulous metaverse concept has become a popular buzzword, and Epic has. Both Sony and KIRKBI reportedly invested 1 billion apiece into Epic Games. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. According to a press release, both Sony and KIRKBI invested 1 billion as part of the most recent funding round. Epic secures 2 billion from Sony, KIRKBI to fund its metaverse plans Epic recently announced a partnership with Lego to create a metaverse for kids. 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. Epic last raised cash in May of last year at a 28.7 billion valuation. Epic last raised cash in May of last year at a 28.7 billion valuation. Sony and KIRKBI will each contribute 1 billion in the round, which values Epic at 31.5 billion.
#EPIC FORTNITE SONY KIRKBI 31.5B SOFTWARE#
This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse.” Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. Sony and KIRKBI will each contribute 1 billion in the round, which values Epic at 31.5 billion. “A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in.
“Epic Games is known for building playful and creative experiences and empowering creators large and small,” said Søren Thorup Sørensen, CEO, KIRKBI. The latest funding round comes a few days after Epic announced a long-term partnership with The Lego Group to build a metaverse for kids of all ages.
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