Silver Lake and PIF acquire Unity
The gist
Silver Lake and Saudi Arabia's PIF reportedly approached Unity about a deal valuing it near $25 billion.
Unity shares jumped about 15%, but talks are early and no deal is assured.
How it unfolded
- May 2017Silver Lake invested $400 million in Unity when the company was valued at $2.6 billion.
- 2020Unity completed its Initial Public Offering at a valuation of $13.7 billion, with share sales totaling $1.3 billion.
- Aug 4, 2026Electronic Arts announced that its acquisition by PIF, Silver Lake and Affinity Partners was completed.
Key terms
- PIF
- Saudi Arabia's sovereign wealth fund, created in 1971 to invest government funds.
- private equity firm
- An investment firm that buys and actively manages stakes in companies not traded on public stock markets.
- GAAP-profitable
- The set of default accounting standards used by companies based in the United States.
Source: Wikipedia