Epic Games, best known for its battle royale game Fortnite, has announced another $ 1 billion funding round. Investors include Sony, which has invested $ 200 million. The amount of the remaining investments, as well as the detailed terms of the deal, were not disclosed.
Epic Games CEO and founder Tim Sweeney retains a majority stake. In his statement, he thanked the partners for their trust and noted that the investment will help build a social experience in Fortnite, Rocket League and Fall Guys. In addition, they will focus on supporting developers who use the Unreal Engine, the Epic Games Store, and other online services from the company.
It’s been a busy few months for Epic Games. Since last August, the company has been at war with Apple and Google over in-game payment revenues. The trial in this case is scheduled for May 3. Epic Games has also acquired several game developers and publishing studios, including Mediatonic, creator of Fall Guys. The company is clearly filling its portfolio with games through such acquisitions, and this trend is likely to continue in the future.
The funding is likely to strengthen Epic Games’ ties with Sony. In July last year, the Japanese company invested $ 250 million, receiving 1.4% of the shares. Prior to this funding round, Epic Games raised $ 3.4 billion; the company is now valued at $ 28.7 billion.