Unity Software (NYSE: U) shares increased approximately 4% on Tuesday. The rally followed a Bloomberg report that the company is considering strategic options for its business in China.
The 3-D game software developer is reportedly working with an advisor to assess interest in its Unity China division. Potential outcomes for the unit include a possible sale.
Sources familiar with the situation indicate the company may seek a valuation exceeding $1 billion for the division. These deliberations remain in progress and do not guarantee a finalized deal.