Silver Lake, PIF have held recent talks to buy gaming software provider Unity, sources say
U•Silver Lake and Saudi Arabia’s PIF have approached Unity about a possible acquisition, with the consortium discussing a valuation of about $25 billion. Unity’s market capitalization rose to roughly $21.5 billion after its latest earnings report, and a deal is not certain.
1. Acquisition talks
Unity Software has held talks to be acquired by a consortium including Silver Lake Partners and Saudi Arabia’s sovereign wealth fund PIF. The two investors approached the company in recent weeks; Silver Lake already owns roughly 8% of Unity.
2. Valuation and next steps
The consortium discussed a valuation of about $25 billion before Unity’s latest earnings report lifted its market capitalization to roughly $21.5 billion. Unity has been working with an investment bank to evaluate its options. The deal is not certain, and its plan and terms may still change.
