EPIC GAMES GETS $250M FROM SONY FOR A MINORITY SHARE

Epic Games, the game developer from North Carolina famous for its popular battle royale game Fortnite, is getting $250 million from Sony for investment into a minority share, the companies announced today.

Even though the press release didn’t say just what percent this is, it is reportedly 1.4 percent of Epic Games. This means Epic is worth around $17.86 billion, which is a mad figure, but that’s another story.

Sony’s chairman Kenichiro Yoshida commented, “Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite. Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape.”

The negotiation fits right in with Sony’s ongoing competition against Microsoft in the videogame console scenario, which is so obvious by their simultaneous release of their new PlayStation 5 and Xbox Series X next-gen consoles, respectively and at the same time (2020 holiday season) while giving the finger to the pandemic. No fear!

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