Unity Software to buy Peter Jackson’s Weta Digital for $1.6 billion; stock drops

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Earnings Results

Last Updated: Nov. 9, 2021 astatine 8:26 p.m. ET First Published: Nov. 9, 2021 astatine 4:33 p.m. ET

Videogame-focused bundle institution agrees to bargain ‘Lord of the Rings’ director’s institution arsenic it reports net beat, raises yearly guidance

Unity Software Inc. shares fell successful the extended league Tuesday aft the gaming-engine company’s announcement of a immense acquisition overshadowed quarterly results that topped Wall Street estimates.

Unity U shares dropped 6% aft hours, pursuing a 5.2% emergence successful the regular league to adjacent astatine $171.63. Unity’s banal has much than tripled successful terms since the company priced its IPO astatine $52 a share in September 2020.

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