LOS ANGELES: Sony is making a strategic investment of US$250mil (RM1.06bil) in Epic Games, the maker of massive hit game Fortnite, to acquire a minority interest in the gaming company.
The companies said the investment “allows Sony and Epic to aim to broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology”, as well as across Epic’s “social entertainment platform and digital ecosystem to create unique experiences for consumers and creators”. Sony’s investment in Epic is subject to customary closing conditions, including regulatory approvals.