Unity Software Stock Surges On Potential China Business Sale Reports

Unity Software Inc (NYSE:U) shares are trading higher on Tuesday as traders respond to reports that the game‑development platform company may sell its China business.Unity Software stock is charging ahead with explosive momentum. Why are U shares rallying?Reports Of A Potential China Sale Spark BuyingUnity shares jumped on Tuesday after Bloomberg reported that the company is weighing options for its China division, including a possible sale.Sources familiar with the matter told Bloomberg that Unity is working with an adviser to gauge interest in Unity China and may seek a valuation of more than $1 billion — a sizable cash infusion. Discussions are still in early stages ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga