Unity (NYSE: U), a platform for creating and operating real-time 3D content, has completed the acquisition of Weta Digital‘s tools, pipeline, technology, and engineering talent. The deal is worth $1.625 billion in a combination of cash and stock.
The deal is intended to empower game developers, artists and consumer creators with content creation tools used in film and television. Additionally, Weta brings 275 engineers who architect, build and maintain the Weta Digital tools pipeline.
“We are thrilled to officially welcome Weta Digital’s highly talented engineering team to Unity and to begin the journey of integrating two powerhouse technologies,” said Marc Whitten, senior vice president and general manager, Create Solutions at Unity. “By bringing this team and technology to Unity, we can enable more storytellers to reach their creative potential by giving them access to the diamonds of all diamonds of VFX tools, underpinned by the power of real-time 3D.”