Technology
Sponsored by
chorus

WētāFX finds strength in Unity deal

Paul McBeth
Wed, 05 Jan 2022

WētāFX finds strength in Unity deal
Peter Jackson has left plenty of cash in WētāFX. (Image: Getty)
Paul McBeth
Wed, 05 Jan 2022
WētāFX is flush with cash after the US$1.6 billion (NZ$2.3b) sale of its technology unit, with Peter Jackson and his fellow shareholders leaving plenty of working capital in the visual effects firm. The assets of the old Weta Digital have been poured into a new entity called WētāFX – with macrons – in a restructuring that carved out up to US$772m in cash and the US$618m in Unity stock for shareholders, leaving almost US$230m of cash for the Wellington-based company, according to documents filed with the Companies Office.The war...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

Markets
BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Technology
Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.