Sony agrees to invest $250 million for acquiring a minority interest in Epic

Sony Corporation (Sony) has agreed to make a strategic investment of $250 million to acquire a minority interest in Epic Games (Epic) through a wholly-owned subsidiary of Sony.

As per official statement, “The investment allows Sony and Epic to aim to broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators.”

The closing of the investment is subject to customary closing conditions, including regulatory approvals.

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