Videogame software maker Unity Software’s (U.N) shares rise 7.6% to $23.69 premarket
Co extends multi-year partnership with Meta Platforms (META.O) for its virtual reality platform
The agreement will continue support for virtual reality developers to develop and deploy apps and games on Meta’s platform
U shares jumped more than 13% on 27 March after upbeat Q1 preliminary results Earlier this year, shares of videogame companies plunged after Alphabet’s Google (GOOGL.O) rolled out its AI model for creating interactive digital worlds with simple prompts
As of last close, U stock is down 50.2% YTD

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- Unity Software's shares rose 7.6% to $23.69 in premarket trading after extending its partnership with Meta Platforms for virtual reality development.  
- The agreement will support developers in creating and deploying apps and games on Meta’s platform.  
- Despite this, Unity's stock remains down 50.2% year-to-date, reflecting challenges in the videogame sector following competition from Google's AI initiatives.

Reuters

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BUZZ-Unity Software rises after extending Meta partnership