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ironSource plunges 16% after AppLovin offers to buy Unity Software

Aug. 09, 2022 8:51 AM ETUnity Software Inc. (U), APPBy: Joshua Fineman, SA News Editor8 Comments

Ironsource mobile advertising company office facade in Silicon Valley

Michael Vi/iStock Editorial via Getty Images

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Comments (8)

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DONTIGNY profile picture
Great news ! Prefer IS on standalone basis...was a steal!!! And small break up fee not bad !

Unity would be required to pay ironSource a termination fee of $150 million
APPLovin is desperate. Can they pull this off?
Interstellar Investments profile picture
This looks like a reverse merger

Unity CEO is proposed to be the CEO of combined org. APPLovin CEO would be the COO

APPLovin shareholders get minority 49% stake of combined

Just arranging deck chairs in two titanic, that’s all folks
Booban profile picture
@Interstellar Investments This CEO seems to be looking out for himself rather than the company. Unity is down like 50% from where it used to be. He is selling it cheap.
Bitzap profile picture

APP is cheap as well. It's an all stock merger, so what really matters is relative valuation between both companies, and whether the combined result is worth more than the sum of the parts.
I would love this as an IS investor who had to sell all his shares to avoid owning U
P M D profile picture
How is AppLovin going to pull this off? They're not really a bigger company than Unity.
whole lot of "plunging" going around this morning...
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