A little over a year ago, PIF and Silver Lake were announced as parts of EA's new ownership trifecta, following a $55 billion buyout agreement. A new Reuters report reveals that PIF and Silver Lake have met with Unity Software to initiate talks to buy the game engine developer. Similarly to the EA buyout, insiders claim the Unity buyout would also be a leveraged buyout agreement, although no potential buyout amount has been claimed.
As was the case leading up to the EA buyout, Silver Lake has already invested in Unity with an 8% share in the company. Following the recent EA buyout, the gaming giant's new owners have made several changes at the company, including a restructuring that led to significant layoffs and the closure of BioWare, one of the most recognizable game studios in gaming history. Earlier in the year, EA reportedly accelerated its investment in and use of AI in order to cut costs.
Unity itself has announced a similar increased adoption of AI with its new Unity Spark AI systems.
Source: TechPowerUp News · Summarized by HeadlinesBriefing