Sony just invested $250 million in the company behind 'Fortnite' (SNE)

Sony just invested $250 million in the company behind 'Fortnite' (SNE)

Sony is making a $250 million "strategic investment" in Epic Games, the company behind "Fortnite," the two announced on Thursday.

The big-money investment "cements an already close relationship between the two companies and reinforces the shared mission to advance the state of the art in technology, entertainment, and socially-connected online services," a press release said.

It's unclear what impact, if any, the investment will have on Sony's PlayStation group.

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Sony, the company behind PlayStation, now owns part of the company behind "Fortnite."
For $250 million, Sony now owns a stake in Epic Games – the North Carolina-based, independently-owned game studio. Besides Sony, Epic Games counts Chinese conglomerate Tencent as an investor. The company remains majority-owned by its original founder and current president, Tim Sweeney.
It's unclear what impact, if any, Sony's investment will have on "Fortnite," or on the upcoming PlayStation 5 console, but it's clear that the two companies are getting cozier.
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