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Sony Invests $250M For Minority Stake In Epic Games

The companies said that the deal cements an already close relationship and reinforces their shared goalsEpic Games

Sony has invested $250M for a "minority stake" in Fortnite maker Epic Games, bringing the game developer's total raised to $1.83B, according to Dean Takashi of VENTURE BEAT. The companies said that the deal "cements an already close relationship and reinforces their shared goal to advance the state of the art in technology, entertainment, and socially connected online services." Epic Games raised $1.58B in three previous funding rounds. In '12, the company received a $330M investment from Tencent for a 40% ownership stake. The investment "enables Sony and Epic to broaden their collaboration, with Sony’s portfolio of entertainment assets and technology and Epic’s social entertainment platform and digital ecosystem (think Fortnite’s increasing use as a social space or the Epic Games Store), to create unique experiences for consumers and creators." Epic confirmed that it still will be "able to publish to other platforms." Sony is acquiring "only a minority part of Epic Games, and it is not acquiring a controlling stake in the company." Epic Games is both the developer and publisher of Fortnite, which has more than 350 million registered users (VENTUREBEAT.com, 7/9). 

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