{"id":19184,"date":"2020-08-06T15:00:34","date_gmt":"2020-08-06T19:00:34","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/ontario-teachers-investing-in-u-s-video-games-developer-148630"},"modified":"2020-08-06T15:00:34","modified_gmt":"2020-08-06T19:00:34","slug":"ontario-teachers-investing-in-u-s-video-games-developer","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/08\/06\/ontario-teachers-investing-in-u-s-video-games-developer\/","title":{"rendered":"Ontario Teachers\u2019 investing in U.S. video games developer"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"350\" height=\"247\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2020\/08\/117340213_s-1-350x247.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt=\"Copyright : Shao-Chun Wang \/\/ 123RF\" title=\"Ontario Teachers\u2019 investing in U.S. video games developer\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;August 6, 2020 <\/p>\n<p>The Ontario Teachers\u2019 Pension Plan is taking part in a US$1.78-billion financing round for Epic Games Inc., a U.S. video game and software developer.<\/p>\n<p>In addition to Ontario Teachers\u2019 and other asset managers\u2019 contributions,&nbsp;Sony Corp. is contributing US$250 million to the financing round. The fresh financing brings Epic Games to a valuation of US$17.3 billion.&nbsp;Tim Sweeney, its&nbsp;current chief executive officer, will maintain control of the company.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/how-institutional-investors-can-capture-the-return-potential-of-5g-tech-133553\">How institutional investors can capture the return potential of 5G tech<\/a><\/strong><\/p>\n<p>\u201cHaving the support of leaders in the financial community accelerates Epic\u2019s efforts to build a new kind of digital ecosystem using real-time 3D technology, services that connect hundreds of millions of people and a digital storefront that offers a fair business model,\u201d he said, in a press release. \u201cWe are delighted to have them as part of the Epic family.\u201d<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/ontario-teachers-investing-in-u-s-video-games-developer-148630\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;August 6, 2020 The Ontario Teachers\u2019 Pension Plan is taking part in a US$1.78-billion financing round for Epic Games Inc., a U.S. video game and software developer. In addition to Ontario Teachers\u2019 and other&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19184"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19184"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19184\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}