Sony completed the acquisition of a minority stake in Epic Games for $250m.

Sony, a creative entertainment company, completed the acquisition of a minority stake in Epic Games, a developer of interactive gaming titles such as Fortnite for $250m. “Sony and Epic have both built businesses at the intersection of creativity and technology, and we share a vision of real-time 3D social experiences leading to a convergence of gaming, film, and music. Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike,” Tim Sweeney, Epic Games Founder and CEO.