Sony to Invest $250 Million in ‘Fortnite’ Developer Epic Games

Sony backs Epic Games in a bid to expand its live in-game services

Sony Interactive Entertainment will invest $250 million in “Fortnite” developer Epic Games, the game publisher announced Thursday in a deal that VentureBeat estimated placed an $18 billion valuation on Epic.

Sony will take a 1.4% minority stake in Epic, which is also backed by Chinese tech conglomerate Tencent. Tencent took a roughly 40% ownership stake of Epic Games when it invested $330 million in 2012.

Become a member to read more.

Samson Amore

Reporter • • Twitter: @Samsonamore