Unity Board Opposes AppLovin’s $17.5 Billion Buyout Offer - WSJ

2022-08-16 09:47:51 By : Mr. Leaf Ye

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https://www.wsj.com/articles/unity-board-opposes-applovins-17-5-billion-buyout-offer-11660569188

Unity Software board has unanimously agreed that the $17.5 billion buyout offer from AppLovin isn’t in the best interests of shareholders.

Unity on Monday recommended shareholders vote against the AppLovin deal and instead vote in favor of Unity’s planned deal to buy ironSource Ltd. for $4.4 billion, a merger that was agreed upon last month. IronSource runs a platform for publishing and scaling mobile games and other apps.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.