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The company that’s made some of the most popular video games on the planet will be making some pretty big bucks.
At a press conference Tuesday, the company announced that it plans to raise about $1 billion in venture capital over the next two years.
The announcement comes just two weeks after the company revealed that it had signed a deal with a large tech company to make more than 1,000 of its popular virtual reality games.
The deal is valued at about $300 million.
The deal also means that Axios will get a significant boost in earnings in the years ahead.
The company said in a statement that its virtual reality revenue could reach $2 billion in 2020 and $5 billion in 2021, as well as in the next three years.