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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