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Unity Software gains on report Silver Lake, PIF have had takeover talks
Unity Software gains on report of takeover talks with Silver Lake and PIF.
Context
What happened: Unity Software (U) rose in premarket trading after a report that the gaming software firm has had recent talks to be purchased by a consortium of investors including Silver Lake Partners and Saudi Arabia's PIF.
Key numbers: Shares rose 5.5% in premarket trading.
Why it matters: The report of takeover talks with a private equity and sovereign fund consortium drove the premarket share move.
What changed
Unity Software (U) rose in premarket trading after a report that the gaming software firm has had recent talks to be purchased by a consortium of investors including Silver Lake Partners and Saudi Arabia's PIF.
Why it matters
The report of takeover talks with a private equity and sovereign fund consortium drove the premarket share move.