Reported by 3 outlets
The story so far
AI summary of the reporting below · Updated · How we work
Private equity firm Silver Lake and Saudi Arabia's Public Investment Fund have approached Unity Software regarding a potential takeover, according to Reuters. The two investors, who previously partnered in a $55 billion buyout of Electronic Arts, initially evaluated the San Francisco-based game engine creator at approximately $25 billion during early deliberations. [2][3]
Silver Lake already holds roughly an 8% stake in Unity following an investment of around $400 million in 2017, and Silver Lake's Egon Durban holds a seat on Unity's board. The takeover approach occurred ahead of Unity's recent financial release, where expansion in its AI-powered Vector advertising platform propelled the company to its first quarterly profit on a GAAP basis since going public in September 2020. The earnings boost lifted Unity's market capitalization to around $21.5 billion. [2][3]
After acquiring EA for $55bn earlier this year, Saudi Arabia and private equity firm Silver Lake are reportedly in the market for another massive video game company. And according to new reports, it's Unity.
via Eurogamer
Recent games made in Unity include Big Walk, Endless Legend 2, and Agent 64: Spies Never Die.
via PC Gamer
The two biggest parties in the consortium that bought Electronic Arts for $55 billion, Silver Lake and Saudi Arabia's PIF, are back in business and trying to acquire Unity. The big news comes from Reuters, which claims that Silver Lake and PIF approached Unity's management about the possibility in recent weeks.
via Wccftech