Thndr Claps » U.S. Claps » Tech 📲 » No Deal! Unity rejects AppLovin’s acquisition offer ❌
The ClapUnity (NYSE: U) rejected AppLovin’s (NASDAQ: APP) acquisition offer, opting to try and acquire ironSource (NYSE: IS) instead.BackstoryAppLovin submitted an offer to acquire Unity for $58.85 per share, for a 55% stake. If Unity accepted the offer, they would have to abandon their plans to acquire ironSource.The DeetsUnity believes that the offer from AppLovin was not in the best interest of shareholders, and thinks they should acquire the mobile advertising company ironSource instead. Why this MattersUnity added that the AppLovin acquisition was not going to lead to a better proposal, whereas ironSource provides a chance to improve for the customers as well as shareholders.
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