Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Technology

Anusuya Lahiri

Fortnite Maker Clocks $32B Valuation After Raising Funds From Sony, Lego

Sony Epic Epic Games Nasdaq Baidu Inc China Kirkbi LEGO Group NYSE Sony Group Corp

Fortnite maker Epic Games raised $2 billion from Sony Group Corp (NYSE:SONY) and the family-owned holding company behind the Lego Group, reaching a valuation of $31.5 billion, Reuters reports.
Sony, an existing investor, and the Kirkbi investment company invested $1 billion to help Epic accomplish its metaverse ambitions.
Epic Games essentially lost a trial in 2021 over Apple Inc's (NASDAQ:AAPL) alleged restrictive practices in its App Store and its 30% commission for each purchase made on its App Store.
China resumed approving gaming licenses after restricting the same in July 2021.
China has granted licenses to 45 internet games, including Baidu Inc (NASDAQ:BIDU), Reuters reports.
Price Action: SONY shares closed lower by 5.55% at $92.82 on Monday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Female prison worker charged over 'sexual relationship' with Zara Aleena's killer

Female prison worker charged over 'sexual relationship' with Zara Aleena's killer

Hayley Jones, 33, has been ordered to appear before magistrates over allegation she had sexual relationship with killer Jordan McSweeney

Evening Standard

12 Strategical Ways to Get Popular on TikTok

12 Strategical Ways to Get Popular on TikTok

Learn how to get famous on TikTok. Use our expert tips to gain more followers and boost your presence on the app.

Haiti's army wants recruits to fight gangs, and youths jump at the rare job offer

Haiti's army wants recruits to fight gangs, and youths jump at the rare job offer

Thousands of young Haitians are jumping at the chance to become soldiers as widespread gang violence creates rare job opportunities in a deeply impoverished country where work is scarce

The Independent UK

Ukraine's Russia offensive is risky. To get a boost, it wants less US caution on weapons

Ukraine's Russia offensive is risky. To get a boost, it wants less US caution on weapons

Ukraine’s daring ground offensive has taken the fight to Russia, but not nearly as much as its leaders would like

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Special counsel files new indictment against Trump over 2020 election

Special counsel files new indictment against Trump over 2020 election

Move does not substantially change criminal case but protects it in wake of July supreme court immunity ruling

The Guardian - US

What's at stake as 2 Hong Kong journalists await a verdict in their sedition trial?

What's at stake as 2 Hong Kong journalists await a verdict in their sedition trial?

Two journalists who led a now-shuttered Hong Kong online news outlet will hear a verdict in their sedition case on Thursday, in a trial that’s seen as an indicator for press freedom in the semi-autonomous Chinese city

The Independent UK

Related Stories

Top stories on inkl right now

Female prison worker charged over 'sexual relationship' with Zara Aleena's killer

Female prison worker charged over 'sexual relationship' with Zara Aleena's killer

Hayley Jones, 33, has been ordered to appear before magistrates over allegation she had sexual relationship with killer Jordan McSweeney

Evening Standard

12 Strategical Ways to Get Popular on TikTok

12 Strategical Ways to Get Popular on TikTok

Learn how to get famous on TikTok. Use our expert tips to gain more followers and boost your presence on the app.

Haiti's army wants recruits to fight gangs, and youths jump at the rare job offer

Haiti's army wants recruits to fight gangs, and youths jump at the rare job offer

Thousands of young Haitians are jumping at the chance to become soldiers as widespread gang violence creates rare job opportunities in a deeply impoverished country where work is scarce

The Independent UK

Ukraine's Russia offensive is risky. To get a boost, it wants less US caution on weapons

Ukraine's Russia offensive is risky. To get a boost, it wants less US caution on weapons

Ukraine’s daring ground offensive has taken the fight to Russia, but not nearly as much as its leaders would like

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Special counsel files new indictment against Trump over 2020 election

Special counsel files new indictment against Trump over 2020 election

Move does not substantially change criminal case but protects it in wake of July supreme court immunity ruling

The Guardian - US

What's at stake as 2 Hong Kong journalists await a verdict in their sedition trial?

What's at stake as 2 Hong Kong journalists await a verdict in their sedition trial?

Two journalists who led a now-shuttered Hong Kong online news outlet will hear a verdict in their sedition case on Thursday, in a trial that’s seen as an indicator for press freedom in the semi-autonomous Chinese city

The Independent UK

Our Picks

Not very demure: TikTok creator faces a legal battle over her own catchphrase

A man in Washington state has trademarked the phrase – but all isn’t lost for Jools LeBron, legal experts say

The Guardian - US

Stomach cancer killed Netflix 'Tex Mex Motors' star Rob Pitts. These are signs of the disease

Stomach cancer accounts for about 1.5% of all new cancers diagnosed in the U.S. every year.

Bokeh: camera settings for film and digital photos with beautiful blur

Want bokeh? Here are the camera settings you need for film and digital photographs with sumptously shallow depth of field

Digital Camera World

Prince Harry Decides Not To Add Anything New to the Paperback Edition of His Tell-All Memoir ‘Spare’

The Duke of Sussex’s choice is widely considered to be a step toward reconciliation with the royal family.

“I’m 5’7” but I’ll have an operation, I’ll do something”: Ex-Megadeth guitarist Marty Friedman was denied a Kiss audition for being too short

Marty Friedman’s height cruelly cost him the chance to join one of rock’s biggest-ever bands

Australian supermarket baked beans taste test: ‘Hold the paprika, I feel attacked’

From a ‘salt-less wasteland’ to a boulevard of broken beans, Nicholas Jordan puts nine tins of baked beans to the test

The Guardian - AU

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play