Regarding the strategic investments in Epic Games, Inc. (“Epic”) previously announced on July 9, 2020 and April 13, 2021, Sony Group Corporation (“Sony”) announced that it has entered into a definitive agreement to execute an additional strategic investment of approximately 1 billion U.S. dollars (the “additional investment”) in Epic through its wholly-owned subsidiary, Sony Corporation of America.
This additional investment is subject to customary closing conditions, including regulatory approvals. Through this additional investment, Sony aims to further expand and deepen areas of collaboration between the two companies, promoting further exploration of opportunities leading to new value creation, primarily in the area of entertainment.
This additional investment is not anticipated to have a material impact on Sony’s consolidated financial results for the fiscal year ending March 31, 2023.
