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Sony to acquire a piece of Epic Games for $250 million

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The Japanese conglomerate will take a minority stake in the company behind Fortnite and Unreal.
Sony has announced it will acquire a minority interest in Epic Games through a wholly-owned subsidiary of Sony, in an investment deal worth $250 million.
According to Sony, the investment, which is subject to regulatory approval, further cements an existing relationship between the two companies and would allow them both to broaden their collaboration on technology, entertainment, and socially-connected online services.
« Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite, » Sony chairman, president, and CEO Kenichiro Yoshida said.

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