FORTNITE maker Epic Games raised a further $2bn yesterday, giving it a money equity valuation of $31.5bn (£24.2bn).

The round included investment from existing investor Sony Group as well as Kirkbi, the family-owned holding and investment firm behind The Lego Group, with each party investing $1bn respectively.

Sony's ongoing push with Epic Games may be seen as a quest to keep up with Microsoft, which snapped up Call of Duty maker Activision Blizzard earlier this year for a record $68.7bn.

Not only did this mark the biggest takeover for the gaming industry, but also rocked the Sony share price.

Chairman, president and CEO of Sony Kenichiro Yoshida said yesterday's investment would allow the company to "deepen our relationship in the metaverse field".

(c) 2022 City A.M., source Newspaper