Tag: Acquires

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Games

Sony Acquires Minority Stake in Epic for $250 Million [Updated]

Epic CEO Tim Sweeney has said that Sony began discussing buying its $250 million stake in the Fortnite creator after the Unreal Engine 5 PS5 demo, explaining “I guess they liked it!”Responding to concerns that there was a financial arrangement made behind closed doors to ensure PS5 tech was used to showcase the UE5 demo,Read More

Categories
Games

Sony Acquires Minority Stake in Epic for $250 Million

Sony has acquired a minority interest in Epic with a strategic investment of $250 million. The minority stake will mean that Sony and Epic will be able to collaborate more closely together in areas of games, entertainment, and technology.“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine developmentRead More