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Sony Invests $200M More in Epic Games as Part of $1B Funding Round

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hollywoodreporter.com

Sony Group has made another $200 million investment in Epic Games, the developer ofFortniteand the Unreal Engine used increasingly in Hollywood production, as part of a $1 billion round of funding for the company.

Epic said the new financing values it at $28.7 billion.It added that the firm "continues to have only a single class of common stock outstanding, and CEO Tim Sweeney remains the controlling shareholder of the company." The deal comes after Sony last year acquired a $250 million minority stake in Epic Games.

Sony "has made an additional strategic investment of 200 million U.S. dollars in Epic through its wholly-owned subsidiary, Sony Corporation of America," the conglomerate said in a regulatory filing.

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