Epic Games has received a billion dollars in investment
Epic Games announced the completion of another round of investments, following which it received a billion dollars. This was reported on the company’s website.
One of the largest investors was Sony Group, which is a partner of the studio. She invested $ 200 million in the company. Other investors include Appaloosa funds, Baillie Gifford, Luxor Capital, Ontario Teachers’ Pension Council, and others. Tim Sweeney will remain Epic Games CEO and majority shareholder. According to him, the funds will accelerate the development of gaming tools and the development of the EGS store.
“Epic continues to revolutionize the experience with the development of many cutting-edge technologies that are helping game developers and the entire industry. We are delighted to strengthen our partnership to bring the latest entertainment to all people on the planet. I firmly believe this is in line with our goal of filling the world with new emotions through the power of creativity and technology, ”said Kenichiro Yoshida, President and CEO of Sony Group Corporation.
Epic Games is currently in litigation with Apple. The first think that the second is charging too high a commission on the App Store. The review is scheduled for May 2021.