AppLovin (APP) Submits a Compelling Non-Binding Proposal to Combine with Unity (U)

  • August 9, 2022

POTENTIAL DEAL DETAILS

StockUnity Software Inc.SymbolU
Date Announced08/09/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person AppLovin Corporation

AppLovin (APP) announced it has submitted a compelling non-binding proposal to the Board of Directors of Unity Software Inc. (U) to combine AppLovin, a leader in mobile marketing and monetization, with Unity, an industry-leading platform for creating and operating interactive, real-time 3D content, in a transaction where each outstanding share of Unity common stock would be exchanged for 1.152 shares of AppLovin Class A voting common stock and 0.314 shares of AppLovin Class C non-voting common stock.

Update(s):

August 15, 2022: Gaming software maker Unity Software Inc (U) rejected AppLovin Corp’s (APP) $17.54 billion takeover offer and said it would go ahead with its planned purchase of ironSource. Unity said AppLovin’s offer was not in the best interest of shareholders and decided it would not qualify as a “Superior Proposal” as defined in Unity’s merger agreement with ironSource.

September 12, 2022: AppLovin Corp. (APP)  said has withdrawn its initial proposal to combine with Unity Software Inc. (U) and doesn’t plan to submit a new offer, clearing the way for Unity to buy IronSource Ltd. as initially planned

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.