Friday, July 10th 2020

Sony Invests $250 Million In Epic Games for Minority Stake

The Sony Corporation today announced plans to invest $250 million to acquire a minority interest in Epic Games Inc. This investment represents a 1.4% ownership of the company and gives Epic a valuation of nearly $18 billion. This investment solidifies the strong existing relationship between the two companies at a time when Sony is preparing to release the PlayStation 5. Epic Games CEO Tim Sweeney has publicly praised the upcoming console calling it a "remarkably balanced device" and praised its innovative SSD. The Sony Corporation will join Tencent and various other companies who own significant stakes in the company. The merger is still subject to customary closing conditions, including regulatory approvals and it is unsure when or if this will be granted.
Sony
The investment allows Sony and Epic to aim to broaden their collaboration across Sony's leading portfolio of entertainment assets and technology, and Epic's social entertainment platform and digital ecosystem to create unique experiences for consumers and creators.
Source: Sony
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4 Comments on Sony Invests $250 Million In Epic Games for Minority Stake

#1
Kohl Baas
One can only hope this will manifest in more PS-exclussives finding their way towards PC.
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#2
Jesus Gonzalez
right, because Fortnite is selling more PS4 Consoles rather than exclusive games
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#4
Splinterdog
"The merger is still subject to customary closing conditions..."
It's not a merger, but an investment stake by Sony.
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