Epic Games, the creator of Fortnite, is now valued at $17.86 billion.

For reference, Take-Two Interactive, known for its Grand Theft Auto franchise, is currently worth $17.21 billion. https://t.co/j4xWHJ8E3h

— Roundhill Investments (@roundhill) July 9, 2020

Sony building relationships with Microsoft and Epic is interesting!

— Kyle Russell (@kylebrussell) July 9, 2020

hey remember when i said sony and epic probably had a marketing deal, hence why epic was hyping up the ps5?

turns out it was more than just a marketing dealhttps://t.co/21W7WJp8vl

— "Knowledge"Hub (@KnowledgeHubTy) July 9, 2020

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games.

Sony and Epic will broaden their collaboration. This doesn't impact Epic being able to publish on other platforms. https://t.co/4n881IbiLn

— Daniel Ahmad (@ZhugeEX) July 9, 2020

“The deal is expected to close in precisely two weeks.” https://t.co/oJvo1Oc45H

— HydroxyCoreyQuinn (@QuinnyPig) July 9, 2020

Fortnite generated $400m in revenue on 3.2b hours of playtime in April per this article.

That is $0.125 per hour. Many AAA console/PC games monetize at over $.50 per hour.

Fortnite would be at least a $20b game if it monetized in-line with peers.https://t.co/qxURqNGeaa pic.twitter.com/ypdtVtLNrE

— Gavin Baker (@GavinSBaker) July 10, 2020

Well, this really puts into perspective the unusually close ties Sony has had with Epic for this upcoming generation. A minority stake in Epic is a pretty big investment. https://t.co/mzT39NYCAS

— Ryan Biniecki (@MysticRyan) July 9, 2020

Big moves by Epic Games.

“Just to put this into perspective.

When Tencent invested $330m in Epic Games back in 2012, that got them a 40% stake with Epic valued at ~$825m.

Sony's $250m investment today gives them a ~1.5% stake with Epic valued at ~$17bn.” https://t.co/lc7Rpv7MsI

— John Funtanilla ✌? (@ijohnf) July 9, 2020

Update: Sony is acquiring a 1.4% stake in Epic, which means the deal values Epic Games at $17.86 billion. https://t.co/lf4FJ7HuYL

— Emil Protalinski (@EPro) July 9, 2020

$250M for a 1.4% stake...? https://t.co/MS3ZN8OQKJ

— Darius Butler (@DariusJButler) July 10, 2020

I don't have an MBA so I don't understand this. Why does Epic need any outside investment at this point? Doesn't Fortnite make A LOT of money? Doesn't taking outside money invite outside influence that you don't want or need? These are all genuine questions. https://t.co/lOFt0T960V

— Holinka (@holinka) July 9, 2020