Exclusive-Silver Lake, PIF have held recent talks to buy gaming software provider Unity, sources say
Gaming software provider Unity Software has engaged in recent discussions with a consortium of investors, potentially including private equity firm Silver Lake Partners and Saudi Arabia's sovereign wealth fund, PIF, to be acquired, according to sources familiar with the matter. The potential acquisition would be a significant move for both Silver Lake and PIF, who have previously taken major gaming companies private.
Silver Lake holds an 8 percent stake in Unity and is among the company's largest shareholders. The potential deal could be valued at around $25 billion, based on Unity's most recent earnings report, which saw its market capitalization rise to approximately $21.5 billion. Unity's shares saw a 4 percent increase following the Reuters report of the talks.
While a deal is not guaranteed and terms may still change, Unity is working with an investment bank to evaluate its options following the investor approach. Unity has declined to comment on the matter, and Silver Lake and PIF have not immediately responded to requests for comment.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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