Sony buys $250 million stake in Fortnite creator Epic Games

Photo by Tom Warren / The Verge Sony has made a $250 million investment in Epic Games, the two companies announced on Thursday. The deal means Sony gets a 1.4 percent interest in the game development studio and publisher and gives Epic a valuation of $17.86 billion, reports VentureBeat. The investment lets the two companies “broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators,” according to a press release. Sony and Epic may want to create more ‘Fortnite’-like virtual multimedia experiences There’s also a line in the press release that suggests Sony and Epic may want to create more Fortnite-like virtual... Continue reading…
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