Epic Games, the maker of Fortnite, has secured $2bn in new funding from Sony and the group behind the Lego franchise as leading global games companies race to build an avatar-filled “metaverse”.
The North Carolina-headquartered group said on Monday it had secured $1bn each from Japanese console and game developer Sony and Kirkbi, the investment company behind the Lego Group.
The deal values Epic at $31.5bn. Following the transaction, Kirkbi will own 3 per cent of the company, while Sony will own a 4.9 per cent stake.
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