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Series of events · Unity
Unity reports profit as acquisition talks emerge
Unity announced a developer funding deal, posted its first GAAP profit since IPO, and reportedly entered acquisition talks.
Updated
The flow in 3 points
- PvX and Unity offer over $1.3 billion in financing
- Q3 net income reached $122 million
- Silver Lake and PIF reportedly in acquisition talks
What happened, in order
Times are Eastern-
Where it began
Funding deal announced
Unity and PvX announced a deal giving developers access to over $1.3 billion in non-dilutive financing.
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First GAAP profit
Unity reported Q3 revenue of $622 million, up 32 percent, and net income of $122 million.
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Latest
Acquisition talks reported
Unity Software is reportedly in discussions with Silver Lake and Public Investment Fund regarding a potential acquisition.
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How they connect
Unity first announced a financing partnership with PvX, then reported strong quarterly results including its first GAAP profit. Following the earnings report, reports emerged that the company is in talks to be acquired.
What to watch
- Q4 strategic revenue guidance of $683 million to $691 million
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