Silver Lake and PIF reportedly approach Unity with acquisition offer

Technology · First reported 6 Nov, 01:51 · Updated 02:04

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Silver Lake and Saudi Arabia’s Public Investment Fund reportedly made Unity Software an offer valuing it at about $25 billion. Unity was said to be considering the approach, but no agreement had been reached as of November 6; the parties had not confirmed or denied the report.

Silver Lake and PIF reportedly approached Unity with an offer valuing the company at around $25 billion.
Unity was reportedly seriously considering the offer and had hired an investment bank for advice. No agreement had been reached as of November 6.
The offer was reportedly made weeks before Unity released Q3 results, which included year-over-year growth in strategic revenue and adjusted EBITDA.
The centre-side reports also describe Silver Lake and PIF as seeking to acquire Unity, and identify them as two major participants in the consortium that bought Electronic Arts for $55 billion.

Summary written by Lux AI from 3 articles

Key facts

Reported offer valuation: Around $25 billion
Reported investors: Silver Lake Partners and Saudi Arabia’s Public Investment Fund
Status: No agreement had been reached as of November 6; the parties had not confirmed or denied the report.
Unity Q3 results: Strategic revenue rose 59% year over year and adjusted EBITDA rose 134%.