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July 9, 2020, 2:38 p.m. EDT

Sony invests $250 million in 'Fortnite' publisher Epic Games

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By Wallace Witkowski

Sony Corp. /zigman2/quotes/201361720/delayed JP:6758 +0.98% said Thursday it invested $250 million in Epic Games Inc., the publisher of the popular video game "Fortnite," for a minority stake. Prior to Sony's investment, Cary, N.C.-based Epic has received $1.6 billion in funding from investors, according to Crunchbase, which lists lead investors as Tencent Holdings /zigman2/quotes/204605823/delayed HK:700 +0.94% , Kohlberg Kravis Roberts, and Vulcan Capital. Back in 2012, Tencent invested $330 million for a 40% stake in Epic. "Epic's powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations," said Kenichiro Yoshida, Sony chairman and chief executive, in a statement. "There's no better example of this than the revolutionary entertainment experience, Fortnite."

/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 10,790.00
+105.00 +0.98%
Volume: 1.25M
June 25, 2021 11:30a
P/E Ratio
11.51
Dividend Yield
0.56%
Market Cap
¥13197.77 billion
Rev. per Employee
¥83.01M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 588.50
+5.50 +0.94%
Volume: 5.05M
June 25, 2021 10:50a
P/E Ratio
27.71
Dividend Yield
0.27%
Market Cap
$5528.12 billion
Rev. per Employee
$10.55M
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