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Disney Acquires $1.5 Billion Stake in Epic Games: Impact on Telecommunications Industry | Phones Canada News

Disney and Epic Games have joined forces to create an exciting new games and entertainment universe, merging Disney’s vast array of stories and characters with the popular Fortnite game. This collaboration will offer players the opportunity to immerse themselves in the worlds of Disney, Pixar, Marvel, Star Wars, Avatar, and more. The partnership is set to bring about groundbreaking new experiences for fans, but it comes with a hefty price tag—Disney will be investing $1.5 billion for an equity stake in Epic Games, pending regulatory approvals.

In a statement on Wednesday, Robert A. Iger, Chief Executive Officer of The Walt Disney Company, expressed his enthusiasm for the venture: “Our exciting new relationship with Epic Games will bring together Disney’s beloved brands and franchises with the hugely popular Fortnite in a transformational new games and entertainment universe.”

Tim Sweeney, CEO and Founder of Epic Games, also shared his excitement about the collaboration: “Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite, and they use Unreal Engine across their portfolio. Now we’re collaborating on something entirely new to build a persistent, open and interoperable ecosystem that will bring together the Disney and Fortnite communities.”

This partnership marks Disney’s largest foray into gaming yet, presenting significant opportunities for growth and expansion. Fans can anticipate more news from Disney and Epic Games as this collaboration continues to unfold. Stay tuned for updates on this exciting endeavor!

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