Epic Games, the creator of the popular video game Fortnite, said on Thursday it had received a $250 million (roughly Rs. 1,880 crores) investment from Japan’s Sony for a minority stake in the company.
Last month, Bloomberg reported that Epic was close to raising a $750 million (roughly Rs. 5,641 crores) round of funding, from investors including T Rowe Price Group Inc and Baillie Gifford, at a valuation of about $17 billion (roughly Rs. 1.27 lakh crores).
© Thomson Reuters 2020