PIF And Silver Lake Reportedly In Talks To Acquire Unity At $25 Billion Valuation
A consortium including Saudi Arabia's PIF and US private equity firm Silver Lake is reportedly in talks to acquire Unity Software, the company behind the Unity game engine, at a valuation of about 25 billion dollars (roughly 3.8 trillion yen).
2 sources 1h ago
Reporting from 2 sources: Automaton, Game Spark.
Why it matters
The same consortium that closed its 100% purchase of Electronic Arts in August is now circling the engine that sits under a large share of the industry's games, which would put two load-bearing pieces of the game business under one investor group.
Key Facts
- PIF and Silver Lake are reportedly in talks to acquire Unity Software at a valuation of about 25 billion dollars (about 3.8 trillion yen).
- The consortium including PIF and Silver Lake completed its acquisition of 100% of Electronic Arts shares for about 55 billion dollars in August.
- Silver Lake already owns about 8% of Unity's shares, and its CEO Egon Durban is a Unity director.
- Unity reported fiscal 2026 third-quarter strategic revenue of about 600 million dollars, up 59% year on year, and net income of about 120 million dollars.
- Unity was founded in Denmark in 2004, is headquartered in San Francisco, and went public in 2020.
Reuters reported the talks, citing anonymous sources. Unity is weighing its options with investment banks. No agreement has been reached, and the talks are said to be early.
Unity Software reported its fiscal 2026 third-quarter earnings on November 5: strategic revenue of about 600 million dollars, up 59% year on year, and net income of about 120 million dollars. The company said the quarter was its first profitable one since going public. The reported acquisition talks took place several weeks before that announcement.
Silver Lake already owns about 8% of Unity's shares, and its CEO, Egon Durban, sits on Unity's board. Unity's market capitalization at the time of writing is about 21.5 billion dollars (about 3.2 trillion yen), below the reported 25 billion dollar valuation placed on it.
Written with AI by Yomimono from the 2 cited sources below, including Japanese-language reporting where cited. See our editorial policy.
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