Sony Acquires 1.4% Of Epic Games… For US$250 Million
— 10 July 2020

Sony Acquires 1.4% Of Epic Games… For US$250 Million

— 10 July 2020
Garry Lu
WORDS BY
Garry Lu

In today’s edition of they-paid-how-much-for-that? news, Sony has invested US$250 million into Epic Games to secure themselves a 1.4% stake. Based on this transaction, that brings Epic Games’ implied valuation of almost US$17.9 billion.

The video game and software company responsible for such titles as Unreal Tournament, the Gears of War franchise, and Fortnite will not be required to commit any sort of exclusive distribution arrangements. Two parties will, however, “broaden their collaboration across Sony’s leading portfolio” of both tech and entertainment assets; as well as Epic Games’ “social entertainment platform and digital ecosystem” in order to offer a more unique experience for consumers and creators.

Sony epic games

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” says Kenichiro Yoshida, Sony Chairman, President, and CEO.

“There’s no better example of this than the revolutionary entertainment experience, Fortnite.

In 2019, Fortnite alone generated US$1.8 billion of revenue. More recently, the free-to-play game has been pushing the limits of in-game experience. Virtual concerts featuring Travis Scott, Mashmello, and Deadmau5, screenings of Christopher Nolan films – there seem to be no fixed boundaries.

For the time being, it appears to be money well spent.

Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]

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