![]() Last week, the company had announced their collaboration with Epic Games to create a child friendly metaverse space, and with their recent investment, LEGO will be looking to strengthen its hold in the digital play world.įollowing the closure of the latest round, the valuation of Epic Games has jumped to $31.5 billion, which makes it one of the most valuable video game developers in the world. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Heres the full article text: Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. This year however, the stakes have risen massively, as the Japanese company have chipped in around $1 billion.Īlong with that, KIRKBI, the family-owned holding and investment company behind The LEGO Group have also invested about a $1 billion too. 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. Epic Games Raises 2B for Metaverse from LEGO and Sony. Last year, during a $1 billion investment round, Sony had invested around $200 million, along with a $250 million investment back in 2020. This isn't the first time Sony has invested huge into Epic Games. “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.” KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Also Read: Valorant Community Pays Heartfelt Tribute to Player Famous for His 'Revive Me, Jett' Line as He Tragically Passed AwayĪccording to Sweeney, the company is looking forward to speed up the development of the metaverse, which is shaping up to be the big thing of the future. The game has quickly become a global phenomenon, to the point that some games are now followed live by millions of viewers.In a statement released by Epic Games, the company confirmed that it will have a single class of common stock outstanding and remains controlled by its CEO and founder, Tim Sweeney. According to a press release, both Sony and KIRKBI invested 1 billion as part of the most recent funding round. With 350 million users worldwide, its Fortnite game is free to download, but generates billions in revenue with the purchase by players of additional items for their characters, including clothing. The investment brings Epic Games’ valuation to $31.5 billion, the US game studio said. “All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds,” they added. Sony, already a shareholder in Epic Games, and Kirkbi, Lego’s parent firm, are each investing $1 billion, the firms said. ![]() ![]() ![]() The $2 billion (1.84 billion euros) in funding is aimed at advancing Epic’s “vision to build the metaverse and support its continued growth,” the three firms said in a joint statement. In the form of video games like Epic’s hit Fortnite, the precursors of the metaverse already exist in a minimalist way, with people coming together not only to play, but also to interact and participate in events. Sony, along with LEGO parent company KIRKBI, are each investing 1 billion in Fortnite publisher Epic Games in an effort to 'deepen their relationship' with the metaverse. ![]() Scores of tech firms have been rushing to invest in building the metaverse, a loose term covering the growing eco-system of interactive online worlds, games and 3D meeting places that are already attracting millions of users. Ryan Taylor 1 min read Photo by roderick Sia / Unsplash Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. Japanese giant Sony and Lego’s Danish parent firm announced Monday a $2 billion investment in US gaming powerhouse Epic Games for its work toward joining the metaverse vision for the internet’s future. ![]()
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