LEGO’s makes $2BN metaverse investment with Fortnite makers

Published

2 years ago

April 12, 2022

Everyone’s favourite line of plastic construction toys is making a major investment in the metaverse

Sony and Kirkbi are investing $2 billion in Fortnite maker Epic Games.

Sony will inject $1 billion in the company and the family owned investment company behind Lego, will invest an equal amount.

If this massive deal closes, it would value Epic at over $31 billion dollars

This all comes after Epic and Lego announced plans to make a “family-friendly” metaverse for kids.

Lego already has a successful line of video games based on popular family friendly franchises, like Disney’s Star Wars and Warner Bros.′ Batman.

Epic Games is a video game powerhouse and CEO Tim Sweeney says the fresh funds would help the company “accelerate our work to build the metaverse.”

Related Topics:Business fortnite lego Tech trending

Up Next

Meet Pompeii’s pet robot SPOT

Don't Miss

Could Musk’s boycott of Twitter board drive market volatility?

Brittany Coles

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending