Rowe Price: top related news
11.04 / 17:17
Digital
CEO
Sony
LEGO
Epic raises $2B at a nearly $32B valuation to build its kid-friendly metaverse
Fortnite-maker Epic Games announced today that it has raised $2 billion in funding from Sony and Kirkbi, the parent company of the Lego Group, with both companies investing $1 billion each. This latest funding round gives Epic a money equity valuation of $31.5 billion. Epic says the new funding will go toward its efforts to build its kid-friendly metaverse and will also support its continued growth.