Sony And A LEGO Group Investment Company Invest $1B Each Into Epic Games
Yes, Tim Sweeny is still in charge.
Today, Epic Games announced the company had received $2 billion in investments. The new round of funding comes from Sony and an investment company behind the LEGO Group, KIRKBI. Both companies have invested $1 billion each.
This news comes following an earlier announcement that Epic and LEGO have teamed up on a metaverse project designed for children and families. The project is described as “an immersive, creatively inspiring and engaging digital experience for kids of all ages to enjoy together”. The press release also mentions giving “kids access to tools that will empower them to become confident creators and deliver amazing play opportunities in a safe and positive space”. How safe it will actually be remains to be seen.
For those that are wondering what these investments mean for the power structure of Epic Games, today’s press release notes that the company will still have a single class of common stock. Control also remains with CEO and founder, Tim Sweeny.
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About the Author
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various gaming sites a little over ten years ago and has taken on various roles in the games community.
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