The game has quickly become a global phenomenon, to the point that some games are now followed live by millions of viewers. 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 deal increased Epic's post-money valuation to 31. The investment brings Epic Games’ valuation to $31.5 billion, the US game studio said. Epic Games has raised 2 billion from Lego owner Kirkbi Invest and Sony as the trio eyes opportunities to build virtual experiences that will lay groundwork for the metaverse. “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. The new investment values Epic at 31.5 billion, up from a 28.7 billion valuation less than a year ago. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Sony, already a shareholder in Epic Games, and Kirkbi, Lego’s parent firm, are each investing $1 billion, the firms said. 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. 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. Sony and Lego Owner Invest 2B in ‘Fortnite’ Publisher Epic Games Billboard Tech Sony Invests 1B in Bandcamp and ‘Fortnite’ Owner Epic Games The new investment values Epic at. Both companies are now working on a safe and. The latest funding, which brings Epic’s valuation to 31.5 billion, comes in the wake of the recently announced partnership between the Fortnite maker and LEGO. The investment brings Epic Games’ valuation to 31.5. In the form of video games like Epic’s hit Fortnite. The latest round comes after Epic Games raised 1 billion in 2021 and 1.78 billion in 2020. 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 has already invested a total of 1.45 billion in Epic Games, including 250 million in August 2020 and 200 million in April 2021. Japanese giant Sony and Legos Danish parent firm announced Monday a 2. Digital Sony, Lego Owner Invest 2B in ‘Fortnite’ Publisher Epic Games The new investment values Epic at 31.5 billion, up from a 28.7 billion valuation less than a year ago. Epic Games says the latest raise stretches its valuation to above 31 billion. The startup just raised a 13 million Series A. 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. 11:30 PM PDT ApMeet Thynk, a new company that wants to build the definite enterprise software solution for the hospitality industry. 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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