FX.co ★ Peter Jackson’s Weta Digital tech division sold for $1.6 billion

The tech division of Weta Digital, the special effects firm known for its work on The Lord of the Rings, Avatar and Game of Thrones, was sold for $1.6 billion, Forbes reported.

Unity Software, an American video game software development company, has acquired Weta’s assets after a deal with Hollywood film director Peter Jackson. Jackson owns the 60% controlling stake in Weta Digital along with his life partner Fran Walsh. The sale would bring the acclaimed film director $600 million in cash and $375 million in Unity stock, making him a billionaire, Forbes noted.