Sony is spending $1bn to buy another 3% stake in Epic Games to help ‘build the metaverse’

Sony’s relationship with Epic Games is getting even closer. Last year Sony Group Corporation – parent company of Sony Music Group – spent USD $200 million to acquire a 0.7% stake in the Fortnite-making (now BandCamp-owning) games company. That investment followed a heftier stake acquisition in 2020, when Sony spent $250 million to acquire equity … Continued

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