Epic Games raises $200 million from Sony in $1bn round at $28.7bn valuation
Epic Games said on Tuesday it had raised $1 billion in its latest funding round that valued the “Fortnite” maker at $28.7 billion. The company said it received an additional investment of $200 million from Sony Group Corp in the funding round, which also included Appaloosa, Baillie Gifford, and KKR & Co Inc. Epic Games Chief Executive Officer Tim Sweeney remains the controlling shareholder of the company after the latest investments, it said in a statement. “Their investment will help accelerate our work around building connected social experiences in Fortnite,