Unity Technologies: Difference between revisions

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In December 2020, Unity announced the acquisition of the [[multiplayer]] networking framework, MLAPI,<ref>{{cite web | url = https://blogs.unity3d.com/2020/12/03/accelerating-unitys-new-gameobjects-multiplayer-networking-framework/| title = Accelerating Unity's new GameObjects multiplayer networking framework| date = 3 December 2020| access-date = 15 December 2020| language = en}}</ref> and RestAR, a [[computer vision]] and [[deep learning]] company.<ref>{{cite press release | url = https://www.businesswire.com/news/home/20201215005325/en/Unity-Acquires-RestAR-to-Enable-AI-Based-3D-Capture| title = Unity Acquires RestAR to Enable AI-Based 3D Capture| date = 15 December 2020| access-date = 15 December 2020| language = en}}</ref> In June 2021, it acquired Pixyz Software, a developer of 3D data optimization technology.<ref>{{cite web |url=https://venturebeat.com/2021/06/22/unity-acquires-3d-data-firm-pixyz-software/ |title=Unity acquires 3D data firm Pixyz Software |first=Dean |last=Takahashi |date=22 June 2021 |website=[[VentureBeat]] |access-date=23 June 2021}}</ref> The company announced plans to acquire [[Parsec (software)|Parsec]], desktop streaming software, in August 2021 for {{USD|320 million|long=no}}.<ref>{{cite web | url = https://www.gamasutra.com/view/news/386540/Unity_to_acquire_remote_desktop_tool_maker_Parsec_for_320_million.php | title = Unity to acquire remote desktop tool maker Parsec for $320 million | first = Alissa | last= McAloon | date = 10 August 2021 | accessdate = 10 August 2021 | work = [[Gamasutra]] }}</ref>
 
In a cash and shares deal Unity acquired [[Weta Digital]] for $1.63 billion in November 2021. Unity added the "Wellington-based company's 275 engineers to its workforce". The latter's visual special effects and animation teams "will continue to exist as a standalone entity", becoming Unity's "largest customer in the media and entertainment space". WetaFX remains majority owned by [[Peter Jackson]].<ref>{{cite web |last1=Sweney |first1=Mark |title=Peter Jackson sells special effects studio Weta Digital for $1.63bn |url=https://www.theguardian.com/film/2021/nov/10/peter-jackson-sells-special-effects-studio-weta-digital-for-almost-2bn |website=The Guardian |access-date=9 November 2021}}</ref> November 2021 represented the high point in Unity's share price, which was likely overvalued at the time, and was followed by years of decline.<ref>{{cite web |last1=Hochfeld |first1=Bert |title=Is It Time To Reconsider Unity Software? (NYSE:U) {{!}} Seeking Alpha |url=https://seekingalpha.com/article/4594408-unity-software-down-now-much-stronger-later |website=seekingalpha.com |language=en |date=17 April 2023}}</ref>
 
In January 2022, Unity announced the acquisition of Ziva Dynamics, a Vancouver-based [[Visual effects|VFX]] company.<ref>{{cite web|title=Unity acquires Ziva Dynamics|url=https://www.gamesindustry.biz/articles/2022-01-24-unity-acquires-ziva-dynamics|website=GamesIndustry.biz|first=Jeffery|last=Rousseau|date=24 January 2022}}</ref><ref>{{Cite news |last=O'Connor |first=Alice |date=2022-01-24 |title=Unity buying skin sim tech company for fancy faces and flappy flesh |language=en |work=Rock, Paper, Shotgun |url=https://www.rockpapershotgun.com/unity-buying-skin-sim-tech-company-for-fancy-faces-and-flappy-flesh |access-date=2022-12-15}}</ref> In March 2022, they announced a partnership with [[Insomniac (promoter)|Insomniac]] to create interactive online concerts and events.<ref>{{Cite web |last=Shutler |first=Ali |date=2022-03-11 |title=3D tech platform Unity announces partnership with rave events company Insomniac |url=https://www.nme.com/news/gaming-news/3d-tech-platform-unity-announces-partnership-with-rave-events-company-insomniac-3180646 |access-date=2022-12-15 |website=NME |language=en-GB}}</ref> In June 2022, Unity laid off 4% of its workforce, estimated to be over 200 workers.<ref>{{Cite web |date=2022-06-29 |title=Sources: Unity Laying Off Hundreds Of Staffers [Update] |url=https://kotaku.com/sources-unity-laying-off-hundreds-of-staffers-1849125482 |access-date=2024-03-02 |website=Kotaku |language=en}}</ref><ref>{{Cite news |date=2022-06-30 |title=Unity lays off four percent of workforce to "realign resources" |url=https://www.eurogamer.net/unity-lays-off-four-percent-of-workforce-to-realign-resources |access-date=2024-03-02 |work=Eurogamer.net |language=en}}</ref> In July 2022, Unity agreed to buy [[ironSource]] in an all-stock deal worth US$4.4 billion.<ref>{{cite news |url=https://www.wsj.com/articles/unity-agrees-to-buy-ironsource-in-4-4-billion-videogame-deal-11657732385 |title=Unity Agrees to Buy ironSource in $4.4 Billion Videogame Deal |date=13 July 2022 |work=[[The Wall Street Journal]] |last=Needleman |first=Sarah |url-access=limited |archive-url= https://archive.today/20220713210926/https://www.wsj.com/amp/articles/unity-agrees-to-buy-ironsource-in-4-4-billion-videogame-deal-11657732385 |archive-date=13 July 2022}}</ref> On completion of the deal, Unity shareholders will own about 73.5% of the combined company and current ironSource shareholders will keep about 26.5%.<ref>{{cite news |url=https://www.cnbc.com/2022/07/13/unity-stock-down-on-lowered-2022-guidance-merger-with-ironsource.html |title=Unity shares down 13% on lowered 2022 guidance, merger agreement with IronSource |date=13 July 2022 |work=[[CNBC]] |last=Yang |first=Lily}}</ref> Unity will also receive a $1 billion investment from [[Sequoia Capital]] and [[Silver Lake (investment firm)|Silver Lake]] once the deal is closed.<ref>{{cite web|url=https://www.bizjournals.com/sanjose/news/2022/07/13/unity-software-plans-44b-acquisition.html|title=Unity Software plans $4.4B acquisition, with Sequoia, Silver Lake pledging to invest $1B|website=Silicon Valley Business Journal|date=July 13, 2022|author=Cromwell Schubarth |access-date=July 14, 2022}}</ref>