AppLovin Proposes Combination With Videogame Software Maker Unity

AppLovin on Tuesday submitted a proposal to merge with Unity Software in an all-stock deal that values the videogame software company at about $20 billion. The stock deal would exchange each share outstanding of Unity common stock for 1.152 of AppLovin Class A voting stock and 0.314 of its Class C nonvoting stock. AppLovin said the deal values Unity at $58.85 a share, an 18% premium to Monday’s closing price.
Click Here To Get Funded!