Sony has paid $250 million to acquire a 1.4% stake in Epic Games, maker of the smash-hit online videogame Fortnite
, a few months ahead of the planned launch of the Japanese company’s next-generation video game console, the Playstation 5.... [+]Under the deal, Sony and Epic will broaden their partnership, engaging Sony’s portfolio of technology and entertainment assets and Epic’s growing social entertainment platform and digital ecosystems — like Fortnite’s various virtual events and digital storefront.
Prior to Sony’s investment, Epic had raised a total of $1.58 billion in three previous funding rounds, including investment from Chinese tech major Tencent back in 2012,The Sony deal is reportedly separate from Epic’s plan to raise $750 million from multiple investors at a valuation of about $17 billion, whichEpic said its video games will continue to continue to be available on platforms that compete with Sony’s Playstation devices, Venturebeat added.
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