AppLovin (APP) Makes Offer to Acquire Video Game Maker Unity (U)

Unity Software (U) Wins US Government Contract - Bloomberg

August 10, 2022 3:59 PM EDT

Video-game software company Unity Software (NYSE: U) has reportedly won a contract US Government contract to provide digital simulation technology for the US government.

According to a Bloomberg report late Wednesday, Unity's announcement of a three-year, multi-million dollar partnership with CACI International... More

Wedbush on Unity Software Inc. (U): 'We Expect U to Reject APP Offer'

August 9, 2022 12:49 PM EDT

Wedbush on Unity Software Inc. (NYSE: U): 'We Expect U to Reject APP Offer'

The analyst comments "AppLovins non-binding proposal to acquire Unity in an all-stock deal makes a lot of business sense. The combined company has the potential to offer the most... More

AppLovin offers to buy video game software maker Unity in $17.5 billion deal

August 9, 2022 8:50 AM EDT

By Nivedita Balu, Krystal Hu and Eva Mathews

(Reuters) -Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity's announced plan to acquire AppLovin's smaller competitor ironSource.

AppLovin has offered $58.85 for each Unity share, which represents a premium of 18% to Unity's Monday closing price. Unity will own 55% of the combined company's outstanding shares, representing about 49% of the voting rights.

AppLovin hired advisers to work out an offer after Unity last month said it would buy ironSource in a $4.4 billion all-stock... More

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

August 9, 2022 8:31 AM EDT

AppLovin (NASDAQ: APP) today announced it has submitted a compelling non-binding proposal to the Board of Directors of Unity Software Inc. (NYSE: 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 (RT3D) 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.1 Under these terms, current Unity shareholders would receive... More

AppLovin Corp (APP) PT Lowered to $80 at Credit Suisse

August 8, 2022 6:23 AM EDT

Credit Suisse analyst Stephen Ju lowered the price target on AppLovin Corp (NASDAQ: APP) to $80.00 (from $100.00) while maintaining a Outperform rating.... More