Please ensure Javascript is enabled for purposes of website accessibility

"Fortnite" Creator Buys Peer Tonic Games Group

By Eric Volkman - Updated Mar 3, 2021 at 9:36AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Epic Games is now the proud owner of hit title "Fall Guys: Ultimate Knockout."

Epic Games, the developer of Fortnite and other notable video games, is making a fresh acquisition. It is buying U.K.-based peer Tonic Games Group, which owns the studios Mediatonic and Fortitude Games, for an undisclosed sum, both companies said in separate announcements on Tuesday.

Epic said that owning the British company will, almost literally, help it create a new world. "It's no secret that Epic is invested in building the metaverse and Tonic Games shares this goal," Epic CEO Tim Sweeney was quoted as saying.

"As Epic works to build this virtual future, we need great creative talent who know how to build powerful games, content and experiences," he added.

Female gamer seated at a PC raising hands in triumph.

Image source: Getty Images.

In the video game world, Mediatonic is arguably best known for its hit Fall Guys: Ultimate Knockout, a colorful, massively multiplayer battle-royale game in which small characters compete to finish an obstacle course. Released last August, it is currently available in Windows 10 and Sony PlayStation 4 versions. Both Epic and Mediatonic promise that Nintendo Switch and Microsoft Xbox versions are coming soon.

Epic is an eager acquirer of complementary assets; recent buys include RAD Game Tools, a maker of development-assisting solutions, in January, and the key tech assets of facial animation specialist Hyprsense last November.

Recently, Epic is perhaps better known as the company that last year became locked in a series of legal disputes with Apple (AAPL 0.17%) over the fees the latter charges developers for including their titles on the Apple App Store. The fight between Epic and Apple has escalated and spilled over into 2021, with lawsuits pending in several jurisdictions.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
AAPL
$137.59 (0.17%) $0.24
Microsoft Corporation Stock Quote
Microsoft Corporation
MSFT
$252.56 (-0.23%) $0.58
Sony Corporation Stock Quote
Sony Corporation
SONY
$89.94 (1.39%) $1.23
Nintendo Co., Ltd. Stock Quote
Nintendo Co., Ltd.
NTDOY
$57.63 (0.05%) $0.03

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/23/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.