Sony has invested a further $200m in the Fortnite and Gears of War developer, at a $28.7bn valuation representing a 66% increase from last August.

US-headquartered video game developer Epic Games closed a $1bn funding round featuring a $200m investment by consumer electronics manufacturer Sony, valuing it at $28.7bn. Sony was joined by investment and financial services group Fidelity, Appaloosa, Baillie Gifford, GIC, Ontario Teachers’ Pension Plan Board, Park West, KKR, AllianceBernstein, Altimeter Capital, Franklin Templeton, Luxor Capital, funds and…

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