> naively expect from a company engaging in billion dollar takeovers Unity's current market cap is $48B. Doing a levered buyout of another company that is ~1/3

> naively expect from a company engaging in billion dollar takeovers Unity's current market cap is $48B. Doing a levered buyout of another company that is ~1/30th of your size is stupidly trivial to do with cheap credit and an asset value that size. For the uniformed - this is essentially how firms like Goldman Sachs make billions of dollars. Massively simplifying this, but they loan a portion of the $1.6B (let's say 50%) just like you would do on a house. The collateral is the stock of Unity in case they default on the payments.