Sony, a Japanese multinational conglomerate, led a $1bn funding round in Epic Games, an American video game and software developer, with participation from Appaloosa, Baillie Gifford, Fidelity Management & Research Company, GIC, T. Rowe Price Associates, Ontario Teachers’ Pension Plan Board, BlackRock, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital. "We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store," Tim Sweeney, Epic Games CEO and Founder.