NewsGaming stocksPCPlayStationXboxNintendoUnitySilver Lake
Rumor This is a rumor that has not been officially confirmed. Source: Reuters(opens in a new window)
Rumor: Silver Lake and PIF held talks to buy Unity
Reuters says the investor group approached the game engine maker in recent weeks and discussed a valuation of about $25 billion.
An investor group including Silver Lake and Saudi Arabia’s sovereign wealth fund PIF recently held talks to acquire Unity Software, Reuters reports. People familiar with the talks told the news agency that the group approached Unity in recent weeks and discussed a valuation of about $25 billion before the company released its quarterly results.
The same sources said Unity is working with an investment bank to evaluate its options. A deal remains uncertain, and the terms could still change. Unity declined to comment, while Silver Lake and PIF did not immediately respond to Reuters’ requests for comment.
Unity makes a game engine and tools for building games and interactive 3D content across devices. The two investors have worked together in gaming before. Reuters reports that both were part of the group that bought Electronic Arts.
Source: Reuters(opens in a new window)
This article is news reporting only and is not investment advice or a recommendation to buy, sell or hold securities.
Comments