• Home
  • About
  • Contact Us
  • Privacy Policy

Technic News

The Latest in Technology

  • New Technology
  • Cool Gadgets
  • Latest Tech & Gadgets
  • Tech & Gadget Reviews
  • Tech & Gadget News
  • Gadgets Shop

Epic Games receives $2 billion investment from Sony and Lego’s parent company

Epic Games has received two big briefcases stuffed with cash which will help it “advance the company’s vision to build the metaverse and support its continued growth.” Sony and Kirkbi, the majority owner of The Lego Group, are each plowing $1 billion into the publisher. The funding puts the post-money equity valuation of Epic at $31.5 billion, while founder and CEO Tim Sweeney remains in control.

It’s not the first time that Sony has invested in Epic. It gave the company a $250 million cash injection in 2020 in exchange for a minority stake. Kirkbi also has an existing relationship with Epic. Just last week, the publisher and The Lego Group announced a partnership to build a kid-friendly metaverse, possibly in the hope of challenging the likes of Minecraft and Roblox.

“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and Kirkbi,” Sweeney said in a statement. “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 has been piecing together a metaverse (a shared virtual world for all manner of experiences) inside Fortnite over the last several years. It built on the success of the core battle royale mode by introducing dozens of crossover skins, virtual items and dance moves; in-game movie nights and concerts; and a creative mode that lets plays build just about anything they can imagine.

Brought to you by USA Today Read the rest of the article here.

  • Facebook
  • Twitter
  • Pinterest

Filed Under: Tech & Gadget News

  • Email
  • Facebook
  • YouTube

www.sicherversichert.de

www.service-hotel-24.com

www.virtutea.com

www.my-fly.club 

www.1-2-holiday.com

www.women-fashion-online.com

www.amer.de

www.cupado.de

Recent Posts

  • Netflix says ‘Stranger Things 4’ racked up over 1 billion hours viewed July 6, 2022
  • Stock your kitchen with these must-have gadgets – Boston Herald July 6, 2022
  • The UK proposes an Online Safety Bill amendment that would force tech firms to scan for and remove CSAM or be fined up to £18M or 10% of their annual turnover (Dan Milmo/The Guardian) July 5, 2022
  • Sources: India’s Enforcement Directorate on Tuesday raided Chinese smartphone maker Vivo’s offices as part of an investigation into suspected money laundering (Aditya Kalra/Reuters) July 5, 2022
  • Voyantis, which develops AI-powered tools to help marketing teams predict a customer’s lifetime value, emerges from stealth with a $19M seed (Kyle Wiggers/TechCrunch) July 5, 2022

Copyright © 2022 · Designed by Amaraq Websites

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.