Epic Games
Ben Borthwick by on Apr 11, 2022

Sony invests in another $1 billion stake of Epic Games in latest round of funding

Epic Games has announced the securing of another $2 billion USD in funding, thanks to Sony and The Lego Group.

The Fortnite developer revealed the latest round of funding in a statement on their website. The figure is made up of $1 billion each from both the PlayStation manufacturer & the KIRKBI group, who own the Lego brand. The investment will contribute to their “aim to create new social entertainment exploring the connection between physical and digital worlds”.

Both company CEOs provided statements in the announcement.  Sony’s Kenichiro Yoshida said he was “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.”

KIRKBI’s CEO Søren Thorup Sørensen also added his own thoughts. “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.”

Epic’s own Tim Sweeney added his own praise for the deal. “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.”

Epic says that it now worth a whopping $31.5 billion USD following the deal. It doesn’t mean any form of takeover though, as Epic continues to remain controlled by Sweeney. The news comes just days after Epic and Lego announced they are to team up on a “family-friendly digital experience”. Sony, meanwhile, previously announced it had made a $250 million dollar investment in Epic Games back in July of 2020.

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