Epic Games secures $2 billion capital increase from Sony and LEGO parent company Kirkbi to accelerate metaverse

Epic Games announced on April 11, US time, that it has received a new round of $2 billion in capital increase from Sony Group and Kirkbi, the parent company of the Lego Group, and will invest in the development of Metaverse applications. The capital increase will be funded by $1 billion each from Sony Group and Kirkbi, the family holding and investment company that holds a majority stake in the Lego Group. After the capital increase, the company’s valuation of Epic Games will reach 31.5 billion US dollars.

Epic Games said that the three companies are partners with a common vision, all three companies attach great importance to creators and players, and focus on creating new social entertainment that connects the digital and real worlds. This capital increase will accelerate Epic Games’ work on building the metaverse, while creating a space where players can play with friends, brands can build creative and immersive experiences, and creators can build communities and thrive.

After two investments in Epic Games in 2020 and 2021, Sony Group has now increased its investment again, with a total of 1.45 billion US dollars. Sony said the investment will deepen their relationship in the metaverse, a space where creators and users can share their time. Epic Games’ expertise and powerful game engine will be able to combine with its own technology to accelerate the development of its own efforts in various fields.

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The LEGO Group has only previously announced a long-term partnership with Epic Games to create a safe and fun metaverse for kids and families. Together, the two companies will create an immersive, creative and engaging digital experience that children of all ages can enjoy together. Now Kirkbi has increased its investment in Epic Games, focusing on trends that can affect the future lives of this and the next generation, accelerating participation in the digital gaming world.

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