![]() ![]() 7,600 crore), Epic said, with the fundraising to help advance a metaverse partnership the company had entered into with the Lego Group earlier this month to build a metaverse for kids. Both companies are now working on a safe and immersive metaverse space for children. Sony, an existing investor, and the Kirkbi investment company each invested 1 billion (roughly Rs. In its announcement, Epic Games mentions where it plans to direct the funds. The latest funding, which brings Epic’s valuation to $31.5 billion, comes in the wake of the recently announced partnership between the Fortnite maker and LEGO. Backed by the existing investor Sony Group Corporation and Kirkbi, the company has raised a 2 billion round of funding for the cause and has specified its intentions for the same in a recent note. Sony has already invested a total of $1.45 billion in Epic Games, including $250 million in August 2020 and $200 million in April 2021. ![]() In its announcement, Epic Games mentions where it. Backed by the existing investor Sony Group Corporation and Kirkbi, the company has raised a 2 billion round of funding for the cause and has specified its intentions for the same in a recent note. “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, ” Sweeney said. Epic Games has bagged massive funds for its vision of creating a metaverse in the near future. 26 epic fortnite 2b kirkbi lego 31.5b BBC - History - British History in depth: Victorian Sport: iniatinklis2011 m. Epic Games will continue to have only a single class of common stock and will remain in full control of its CEO Tim Sweeney.Īccording to Sony president and CEO Kenichiro Yoshida, Epic’s expertise combined with Sony’s technologies “will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.” This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse.Both Sony and KIRKBI, a holding company behind The LEGO Group, invested $1 billion respectively. A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in. We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.įor his part, Søren Thorup Sørensen, CEO at the family-owned Kirkbi explained:Įpic Games is known for building playful and creative experiences and empowering creators large and small. Sony Group Corporation chairman, president, and CEO Kenichiro Yoshida added:Īs a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time. epic games fortnite kirkbi lego 31.5b POW/MIA TABLE - POW-MIA Ceremony Table Kit - American Legion Flag & Emblem WebEverything. Kirkbi’s involvement comes shortly after the Lego Group announced a long-term partnership with Epic. This is the second major Epic Games investment by Sony, after an initial $250 million investment in July 2020. 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. ![]() Kirkbi A/S, the private investment and holding company that owns a controlling stake in Lego, acquired the video animation company BrainPOP for 875 million. We have found this in our partnership with Sony and Kirkbi. The company that owns Lego is diving headlong into K-12 education’s switch to digital. With the latest investment, Epic Games has been valued at a total of 31.5B. epic fortnite 2b kirkbi lego 31.5b Web626 views, 29 likes, 9 loves, 4 comments, 1 shares, Facebook Watch Videos from Aniwell Veterinary Clinic: A very nice. The company’s post-money equity valuation now sits at $31.5 billion.Īs we reimagine the future of entertainment and play we need partners who share our vision. Even more so, on April 11th, Epic Games secured a joint 2B funding round from one of the largest tech companies Sony, and a Danish investment company Kirkbi. Epic’s ownership structure will not change, with the company remaining under the control of CEO and founder, Tim Sweeney, and a significant minority stake by Chinese conglomerate Tencent Holdings. Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation.
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