Sony Invests In Epic Games, Creators of Fortnite
Fortnite-maker Epic Games has not conducted an IPO -- and it may never do so. Nevertheless, thanks to a news released Thursday, we know that investors now have another way to own a piece of Fortnite ... by buying Sony (NYSE: SNE).
Sony announced that it will spend $250 million to acquire a minority interest in Epic Games. Sony didn't say precisely how much of an ownership stake in Epic this will give it, but at a recently minted valuation of $17 billion for Epic, the blue chip entertainment conglomerate's $250 million investment could presumably work out to about a 1.5% stake.
Image source: Epic Games.
Source Fool.com
