Is Unity Being Acquired by Silver Lake and Saudi Arabia’s PIF? What We Know

Unity is in acquisition talks with private equity firm Silver Lake and Saudi Arabia’s Public Investment Fund (PIF) at a valuation of about $25 billion, according to a Reuters report carried by GamesIndustry.biz. Reuters’ sources said a consortium discussed that valuation before Unity’s financial report, and that Unity is working with an investment bank to weigh its options. Unity declined to comment, and Silver Lake and PIF did not immediately respond.

Unity released its third-quarter 2026 results before market open on November 5, 2026, set in the company’s own announcement. Revenue rose 32% to $622 million and Unity posted its first GAAP-profitable quarter since its 2020 IPO. Reuters reported those results lifted Unity’s market capitalization to roughly $21.5 billion, with shares up 4% in extended trading, below the $25 billion being discussed.

Silver Lake already owns about 8% of Unity, having put $400 million in during May 2017, when the company was valued at $2.6 billion, and joined a 2019 tender offer to buy up to $525 million of Unity shares. The same two firms were part of the $55 billion buyout of Electronic Arts earlier this year, and BioWare closed with roughly 400 job cuts as EA restructured.

A buyer would be paying above the market price for Unity. For developers, the open questions are what a private owner does with the engine’s roadmap and pricing. No deal has been announced, and Reuters’ sources said the terms may still change.

Edited by Kerwin Stewart, Editor-in-Chief · How we report