Unity reportedly in acquisition talks with Silver Lake and Public Investment Fund, two firms involved in EA's $55bn buyout
Unity has reportedly engaged in acquisition talks with private equity firm Silver Lake and Saudi Arabia's Public Investment Fund (PIF), both of which acquired Electronic Arts for $55 billion earlier this year . Read more
Investors Silver Lake and PIF are reportedly in preliminary talks to acquire gaming software provider Unity, according to a Reuters report. Silver Lake, which already owns 8% of Unity, and Saudi Arabia’s sovereign wealth fund PIF are discussing a valuation of around $25 billion for the company before Unity's most recent earnings report, which valued it at approximately $21.5 billion.
Unity has reportedly been consulting with an investment bank to assess its options following the approach, though no deal is confirmed at this stage. This potential acquisition would represent another significant investment for Silver Lake and PIF, who previously joined forces with Affinity Partners to buy Electronic Arts for $55 billion in August.
Since then, EA has undertaken major corporate restructuring, including the closure of BioWare and the cancellation of the Mass Effect game series. Unity's game engine and development tools have been utilized in creating thousands of games across mobile, console, and PC platforms, including popular titles like Genshin Impact, Hollow Knight, Among Us, Subnautica, and Beat Saber.
Silver Lake has invested $400 million into Unity, making it one of its largest shareholders. Following the news of potential acquisition talks, Unity's shares surged nearly 15%, trading at $48.80 per share at the time of reporting.
Written by urgent.news from IGN's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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