Sony Buys Stake in Epic Games

Sony just invested $250 Million for a stake in Epic Games. Sony’s stake has not been revealed but Tencent received a 40% stake for its $330 Million investment in 2012. Epic is trying to raise $750 Million for an unknown project, presumably expanding the Epic Games Store. Sony wanted to invest to obtain closer access to Epic’s Unreal Engine 5 and collaboration with Fortnite.

“EPIC’S POWERFUL TECHNOLOGY IN AREAS SUCH AS GRAPHICS PLACES THEM AT THE FOREFRONT OF GAME ENGINE DEVELOPMENT WITH UNREAL ENGINE AND OTHER INNOVATIONS,”

“WE WILL EXPLORE OPPORTUNITIES FOR FURTHER COLLABORATION WITH EPIC TO DELIGHT AND BRING VALUE TO CONSUMERS AND THE INDUSTRY AT LARGE, NOT ONLY IN GAMES, BUT ALSO ACROSS THE RAPIDLY EVOLVING DIGITAL ENTERTAINMENT LANDSCAPE.” – Sony

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