Sony pumps $200M into Epic ahead of legal fight with Apple

Epic Games on Tuesday announced the completion of a $1 billion funding round as it tangles with Apple over App Store rules and regulations.As part of the disclosure, Epic notes that Sony increased its minority interest in the company with a $200 million infusion, reports ZDNet. The Japanese firm initially purchased stake in the game developer last year with a $250 million investment that was part of a larger $1.78 billion funding round.Appaloosa Management, Baillie Gifford, Fidelity Management, and funds managed by BlackRock, KKR, and ParkWest were part of the most recent round of funding, the report said. Read more...