Fornite maker Epic Games valued at $28.7 bn in funding round – HEDGE accordingly

San Francisco (AFP) – The US company behind video game sensation Fortnite said Tuesday that it was valued at $28.7 billion in a round of funding from investors including PlayStation maker Sony. Epic Games announced that it raised $1 billion, with $200 million of that coming from Sony. The Japan-based video game and consumer electronics giant first invested in Epic last year. “We are excited to strengthen our collaboration to bring new entertainment experiences to people around the world,” Sony Group chief Kenichiro Yoshida said in a release. Plans for the funding included building social exper…

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HEDGE accordingly