News Tencent, Sony invest in cloud gaming company Ubitus

[Notorious]

Cloud gaming tech company Ubitus has secured investment from Tencent, which led the funding round, Sony Innovation Fund by IGV, Square Enix and Actoz.

The firm announced the investment on its website, but did not disclose the amount that was raised.

However, Bloomberg talked to a source close to the matter and reported that "the investors put in about $45 million at a valuation of less than $400 million."

Tencent, Sony, Square Enix invest in cloud gaming company Ubitus

Cloud gaming tech company Ubitus has secured investment from Tencent, which led the funding round, Sony Innovation Fund…

www.gamesindustry.biz