Sony Invests $1B in Bandcamp and ‘Fortnite’ Owner Epic Games

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Sony Invests $1B in Bandcamp and ‘Fortnite’ Owner Epic Games
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'Fortnite' owner Epic Games has raised $2 billion in a new fundraising round from Sony Group Corp. and KIRKBI, the owner of the Lego toy and entertainment brand.

, the publisher of the popular video game Fortnite and creator of the Unreal Engine graphics software that is popular with Hollywood, has raised $2 billion in a new fundraising round from Sony Group Corp. and KIRKBI, the owner of the Lego toy and entertainment brand.

“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,” said Sweeney in announcing the deal. But it has also faced public scrutiny, driven by its antitrust lawsuit against Apple. The gaming company argued that Apple’s 30 percent cut of purchases was monopolistic. In trial, a judge ruled that Apple was ok to charge a commission, but found that the tech giant’s anti-steering rule was inappropriate.

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