Epic Games raises $2 bn from Sony and Lego to bolster metaverse business

Fortnite maker Epic Games has raised $2 billion from Sony Group and the family owned holding company behind the Lego Group.
Fortnite mobile gameSony, an existing investor, and the Kirkbi investment company each invested $1 billion, Epic said. The fundraising will assist Epic Games to help advance in metaverse business.

Epic Games recently announced a partnership with the Lego Group.

Microsoft in January agreed to buy Call of Duty maker Activision Blizzard for $68.7 billion, marking the biggest acquisition in the gaming sector and boosting the industry’s bet on the metaverse.

Fortnite is considered to be part of the metaverse, and the investment in Epic will give Sony a chance to delve deeper and capitalize on that business.

Epic Games has lost a trial last year over whether Apple’s payment rules for apps were anticompetitive. That decision found Apple had reasons to force some app makers such as Epic to use its payment system and take commissions of 15-30 percent on their sales.

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