Sony Invests Another $1B in Epic

Hello Sharks. I'm Tim Sweeney, and I'm asking for two billion dollars for 6.3% of my company, Epic Games. Okay, it wasn't a Shark Tank pitch, but the Epic Games Blog reveals an additional one billion dollar investment in Epic Games by Sony. This follows Sony's $200 million investment a year ago. The news is revealed along with more on the recently announced investment by The LEGO Group. Word is: "The closing of the investment is subject to customary closing conditions, including regulatory approvals." Presuming that's just a formality, each company kicked in a billion dollars at a valuation of $31.5 billion. Hence LEGO and Sony's new investments are about 6.34% of the company. Here's word:
Today Epic Games announced a $2 billion round of funding to advance the company’s vision to build the metaverse and support its continued growth.

This round includes investments from existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing $1 billion respectively. All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds. Epic continues to have only a single class of common stock outstanding and remains controlled by its CEO and founder, Tim Sweeney.