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Unity issues statement regarding events surrounding Silicon Valley Bank

Unity Software (U) provided the following statement regarding the events surrounding Silicon Valley Bank: "As Silicon Valley Bank (SIVB) has been placed under receivership with the Federal Deposit Insurance Corp (FDIC), Unity is disclosing that less than 5% of our cash and cash equivalents are with SVB, not including any FDIC-insured amounts, and we expect minimal impact on our operations."

Published first on TheFly

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