Sony has invested $250 million in Fortnite maker Epic Games for a minority stake, the companies announced Thursday.
This investment brings Epic Games' fundraising to date to $1.83 billion, up from $1.58 billion through the company's previous three funding rounds. Tencent purchased a 40% ownership stake in 2012 with a $330 million investment.
This latest deal is separate from the reported $750 million fundraising Epic Games undertook in June.
The deal solidifies an already friendly relationship between Sony and Epic Games. Epic Games showed the debut footage of its upcoming Unreal Engine 5 running on a PlatStation 5, and the two companies plan to expand their collaborations following the investment.
Epic Games will still be able to publish to other platforms, and Sony will not hold a controlling stake in the company. Unreal Engine 5 and Fortnite will continue to work on all game platforms.
The PlayStation 5 is scheduled for release in the upcoming holiday season.