KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation.Epic Games. The company’s valuation about a year ago was 28.7 billion. Both Sony and Lego parent company Kirkbu have invested 2B in Fortnite developer Epic Games. Sign up for the Daily Brief, Silicon Republic’s digest of essential sci-tech news.More: Wall Street Journal, Reuters, Bloomberg, CNN, Bloomberg, Politico, SEC.gov, Decrypt, The Verge, SEC.gov, Thurrott, New York Times, CoinDesk, The Guardian, New York Times, Wall Street Journal, Insider, The Verge, Financial Times, CNBC, Protocol, Protocol, The Guardian, Social Media Today, Kryptovaluta Oppsummering, SiliconANGLE, Fortune, CNBC, Washington Post, Axios, NBC News, VICE, Ars Technica, CNBC, Today in Tabs, Barron's Online, Dexerto, Scott Galloway, Coinspeaker,, Crypto Adventure, MobileSyrup, Weekly Crypto News, Eye-Oh, TechSpot, Bloomberg, JOMO, New York Post, SlashGear, Rate of Return, Not Boring by Packy McCormick, TheStreet, Ethereum World News, Gizchina, Benzinga, Engadget, The Economic Times, Crunchbase News, TechCrunch, CryptoPotato, Associated Press, Cryptonews, Bloomberg, Telecoms. Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation. Fortnite creator Epic Games has raised 2 billion from Sony and LEGO parent KIRKBI, at a 31.5. Last month, it announced the acquisition of online music store Bandcamp, along with plans to expand the store internationally and add new features.ġ0 things you need to know direct to your inbox every weekday. The metaverse isn’t the only market Epic Games has its eye on. The closing of the investment is subject to customary closing conditions, including regulatory approvals. ![]() Microsoft chief executive Satya Nadella said the acquisition would help the world’s largest software maker in the “dynamic and exciting” world of gaming, which will play “a key role in the development of metaverse platforms”. Epics post-money equity valuation is 31.5 billion. In January, Microsoft shared plans to snap up Activision Blizzard, the video game giant behind Call of Duty and Candy Crush, in a deal valued at $68.7bn. Microsoft revealed Mesh last year, a virtual platform to help people feel like they are in the same room as each other, and said it would integrate this metaverse technology into Teams for 2022. The concept of the metaverse has been growing in popularity, with Facebook changing its name to Meta last October and betting its future on developments in AI, AR and VR. “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.” “A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in,” Kirkbi CEO Søren Thorup Sørensen said. games fortnite 2b kirkbi lego 31.5b National Center for Biotechnology. The two companies split the investment with each party investing 1 billion respectively, aimed at developing a gaming metaverse, something Epic Games has long expressed interest in building. In their metaverse partnership, Epic Games and The Lego Group said they would focus on the safety and privacy of children in digital spaces and giving users the tools to control their digital experience. epic-growth-story-ample-suraj-sutar Ketogenic Search Stanford Libraries https. Specify the requested address Enter your address in the textbox below. Jumping into the race isFortnitecreatorEpic Games, which this week received a 2 billion investment from Sony and KIRKBI, the investment company behind Lego. “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. “We have found this in our partnership with Sony and Kirkbi. “As we reimagine the future of entertainment and play, we need partners who share our vision,” Epic Games CEO Tim Sweeney said. ![]() ![]() Both companies contributed $1bn in funding.Įpic Games said yesterday (11 April) that all three companies “highly value both creators and players” and wish to create entertainment that explores the connection between physical and digital worlds.Įarlier this month, the gaming company announced a “long-term partnership” with The Lego Group focused on creating a “family-friendly” metaverse. The investment came from tech giant Sony and Kirkbi, the family-owned company behind The Lego Group. The Fortnite creator recently entered a long-term partnership with The Lego Group to shape the future of a family-friendly metaverse.Įpic Games has raised $2bn to advance its vision of the metaverse, with the Fortnite creator’s valuation rising to $31.5bn.
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