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Unity Software drops after rejecting AppLovin bid, ironSource shares jump (update)

Aug. 15, 2022 11:33 AM ETAppLovin Corporation (APP), UBy: Joshua Fineman, SA News Editor9 Comments

Ironsource mobile advertising company office facade in Silicon Valley

Michael Vi/iStock Editorial via Getty Images

Update 11:33am: Updates shares.

Unity Software (NYSE:U) fell 5.3% after it rejected AppLovin's (NASDAQ:APP) unsolicited bid from last week and the Unity board reaffirmed its recommendation for holders

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Comments (9)

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The whole offer is a scam to raise the stock price before they drop it.

U is facing difficult times and next 4 to 5 Q don't look good. Large firms needed to drop stock so they found a scapegoat Applovin to help push the price.
Jacobin777 profile picture
@Sande traderal $U might be a good long-term entry point here. Of course, it was a better entry point 20 points ago..LOL.
Was that even an offer? No one would even know or care about AppLoving if it wasn’t because of that offer. I think this was more or less a publicity stunt.
@Lord TGO Investment It was an all-stock offer too.
@CAPM is good enough exactly and didn’t want to own their crappy stock. Lol
One day doesn’t make or break $U
U price drops because they rejected the worse offer??
Allen Greathouse profile picture
@Danjw2 Some market participants were evidently pricing in a higher bid coming from app lovin for Unity. That didn’t happen/ fell apart. Long $U and $IS
@Allen Greathouse both are way better companies that AppLovin

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