US game software developer Unity in talks to spin off China unit: sources

Unity Software Inc, the US developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the world’s biggest games market, four people with knowledge of the matter told Reuters.

San Francisco-based Unity has sought strategic investors to join it in a business valued at over $1 billion during talks, said two of the people, declining to be identified as they were not authorised to speak publicly on the matter.

Unity declined to comment. Its share price closed up over 5% on the news on Tuesday.