The two will work together to make children’s safety and well-being a priority, to safeguard children’s privacy and to equip children and adults with tools that give them control over their digital experience.Įpic said the digital experience will be family-friendly and empower children to become “confident creators.” The companies plan to combine their experience to ensure that this next iteration of the internet is designed with the well-being of kids in mind. By Senad Karaahmetovic Fortnite's Epic Games Raises 2 Billion From Sony and Lego-owner KIRKBI at 31. While Epic and Lego haven’t gone into detail about their plans for their proposed metaverse, they outlined three principles that they say will ensure the digital spaces they develop are safe. Twelves months ago, Epic raised 1 billion at a valuation of 29 billion. Rowe Price Associates-managed accounts, Ontario Teachers’ Pension Plan Board, BlackRock managed accounts, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital. Other investors included Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, T. Prior to this funding round, Epic raised $1 billion in April 2021, featuring a $200 million Sony Group Corporation investment. Fortnite's Epic Games Raises 2 Billion From Sony and Lego-owner KIRKBI at 31.5 Billion Valuation Stock Markets Published 06:04AM ET Updated 10:36AM ET.
“This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.” We have found this in our partnership with Sony and Kirkbi,” said Tim Sweeney, the CEO and founder Epic Games, in a statement. “As we reimagine the future of entertainment and play we need partners who share our vision. With this new funding, Epic says all three companies aim to create new social entertainment that explores the connection between digital and physical worlds. The companies say they are going to shape the future of the metaverse to make it safe and fun for children while building an immersive digital experience for kids to play in. Epic’s post-money equity valuation stands at 31. Sony and KIRKBI announced their support for the project and announced 1 billion each, expressing their trust in Epic games for metaverse games development. Today’s announcement comes a few days after Epic revealed that it’s partnering with Lego to build a metaverse aimed at kids. Epic Games has raised 2bn to advance its vision of the metaverse, with the Fortnite creator’s valuation rising to 31.5bn. Epic says the new funding will go toward its efforts to build its kid-friendly metaverse and will also support its continued growth. This latest funding round gives Epic a money equity valuation of $31.5 billion.
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.
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