Silver Lake, PIF in talks to acquire Unity Software: Sources

Detailed summary

Unity Software, a provider of video game development software, has recently held talks over a potential acquisition by an investor consortium includin ...

Unity Software, a provider of video game development software, has recently held talks over a potential acquisition by an investor consortium including Saudi Arabia’s Public Investment Fund (PIF) and private equity firm Silver Lake Partners, Reuters reported, citing people familiar with the matter.

The consortium discussed a valuation of around $25 billion before Unity Software’s latest earnings report lifted its market capitalization to approximately $21.5 billion.

Silver Lake, which owns about 8% of Unity Software, and PIF approached the company in recent weeks, the sources said.

Unity Software is working with an investment bank to evaluate its options following the approaches. However, no deal has been finalized, and the plans and terms could still change, they added.

Opening of the article, excerpted from Argaam. To read the rest, open the article on the publisher's site.