Unity, the video game engine company, has acquired Peter Jackson's Oscar-winning Lord of the Rings effects studio Weta Digital in a $1.625 billion deal.

Unity, a maker of video game engines, has entered a definitive agreement to acquire Weta Digital, the visual effects studio behind Lord of the Rings, for $1.6 billion.

Unity to Acquire Peter Jackson's Weta Digital — the VFX house behind his Oscar-winning 'The Lord of the Rings' — for $1.625 billion.

A leading software company in the video game and special effects market announced quarterly results Tuesday after market close. The company also announced the acquisition of a visual effects ...