ToadMan
Member
I don't even think there needs to be a bilateral agreement drawn up does there? It's just like trading in stocks and shares, if they're available you get the go ahead from your own comapny and buy them up.
Of course, I got all of my information from the film Trading Places and that only goes as far as pork bellies, frozen orange juice and Jamie Lee Curtis's tits.
If I understood correctly Epic have been drumming up funds by offering stock - they had a capital raiser for 750m but Sony's deal was separate to that although occurring at the same time.
So epic have decided to obtain more capital by issuing shares which can have a negative impact in some cases amongst share holders but usually it's a positive thing.
Epic may have had to decide if they wanted to issue more shares for Sony. But having done so, I assume they extended them the same terms as the 750 mil fund raiser they already had in place.
I also assume they have a plan what to do with that money. They've raised about 1.2 billion since December according to Bloomberg.
Soooo either they're investing in something or getting extra money to cover existing costs on something. I presume Sony are informed of what that is having stumped up the cash.
Maybe they want to make the UE5 demo into a full game....heh