Epic Games mentioned on Monday it had raised $2 billion from Sony Group Corp. and the household owned holding firm behind the Lego Group, giving the “Fortnite” maker a valuation of $31.5 billion. Sony, an present investor, and the Kirkbi funding firm every invested $1 billion, with the fundraising to assist Epic advance and assist the expansion of its metaverse.
Epic Games has largely misplaced a trial final yr over whether or not Apple’s fee guidelines for apps have been anticompetitive.
That resolution discovered Apple had appropriate causes to pressure some app makers comparable to Epic to make use of its fee system and take commissions of 15% to 30% on their gross sales.
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With inputs from TheIndianEXPRESS
