Silver Lake, PIF have held recent talks to buy gaming software provider Unity

Unity, the company behind widely used software for making games, has reportedly held acquisition discussions with a group of investors that includes private equity firm Silver Lake and Saudi Arabia’s Public Investment Fund (PIF). The talks have included a possible valuation of about $25 billion. That figure indicates the scale of a potential transaction, but the discussions described do not establish that Unity has agreed to a sale or that a deal will proceed.

Silver Lake and PIF were also part of the investor group involved in a recent $55 billion agreement to take Electronic Arts private, placing the Unity talks in the context of major investment activity in the gaming industry. A purchase of Unity would concern not only a game publisher but a provider of software tools used to build games, making the company’s role in game development central to the potential deal. The information available focuses on who has been discussing a purchase and the valuation under consideration; it does not specify the other investors, the proposed terms, the timing, or how a change in ownership might affect Unity’s business, products, or customers.