Cleary Gottlieb represented Sony Group Corporation (Sony) in a $200 million strategic investment in Epic Games (Epic) as part of a $1 billion round of funding.
The transaction was completed on April 13, 2021. Epic’s equity valuation is now $28.7 billion.
Sony’s $200 million investment builds on an earlier $250 million investment in Epic in June 2020 as well as the already close relationship between the two companies and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially-connected online services.
For more information, please see the press release here.