Investing.com – Unity Software (NYSE:U) stock rose 4% on Tuesday after Bloomberg reported that the company is exploring options for its China business, including a potential sale.
According to Bloomberg, citing sources familiar with the matter, the San Francisco-based 3D gaming company is working with a consultant to assess market interest in Unity’s China operations. The sources said Unity Software may seek a valuation of over $1 billion for the business.
The sources added that discussions are ongoing and a deal may not be reached. A representative of Unity Software did not immediately respond to requests for comment.
Unity Software provides tools and software for creating and operating interactive real-time 3D content across multiple platforms, including mobile devices, computers, and gaming consoles.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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Unity Software stock price rises, rumors of Chinese business being sold
Investing.com – Unity Software (NYSE:U) stock rose 4% on Tuesday after Bloomberg reported that the company is exploring options for its China business, including a potential sale.
According to Bloomberg, citing sources familiar with the matter, the San Francisco-based 3D gaming company is working with a consultant to assess market interest in Unity’s China operations. The sources said Unity Software may seek a valuation of over $1 billion for the business.
The sources added that discussions are ongoing and a deal may not be reached. A representative of Unity Software did not immediately respond to requests for comment.
Unity Software provides tools and software for creating and operating interactive real-time 3D content across multiple platforms, including mobile devices, computers, and gaming consoles.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.