Video game company Epic Games has raised $2 billion from Sony and Lego-owner Kirkbi at valuation of $31.5 billion.

The North Carolina-based company is responsible for franchises such as Fortnite and Gears of War.

Sony and Lego-owner Kirkbi and will receive stakes of 4.9 per cent and 3 per cent, respectively, after investing $1 billion each.

The news comes after the game maker lost a major ruling against an Apple last year.

One of Epic's requests was to force Apple to let app developers use their own in-app payment systems.

Sony has been active in terms of acquisitions in 2022, and it acquired video game developer Bungie in a $3.6 billion deal in February.

“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 Tim Sweeney, chief executive and founder at Epic Games.

Kenichiro Yoshida, chief executive at Sony, said: “We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives,” he added.

Share Story: