Sony Became A Minority Shareholder In Epic Games
Sony has invested $250 million in computer game developer Epic Games, whose most popular game is Fortnite. In exchange for the investment, Sony received a minority stake in Epic Games, the size of the stake is not reported. According to CNN with reference to Sony, we are talking about 1.4% of the shares, which means the total valuation of Epic Games at $17.9 billion.
Epic Games-one of the largest players in the video game market, in addition to several popular games such as Fortnite and Gears of War, it owns the Unreal Engine, which is based on a lot of games. In addition, there is an online video game store, Epic Games Store, which competes with Steam. 40% of the company's shares belong to the Chinese Internet Corporation Tencent, which invested $330 million in it in 2012.
According to VentureBeat, investing in Epic Games is also important for Sony, which is going to introduce a new version of its game console, the PlayStation 5, by the end of the year in terms of competition with Microsoft's Xbox consoles. At the same time, under the terms of the deal, Sony does not receive exclusive rights to any Epic Games games.