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[SlimeGooGoo]

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

AppLovin hired advisors to work out an offer after Unity last month said it would buy ironSource in a $4.4 billion all-stock transaction, sources familiar with the matter told Reuters. Unity's board will have to terminate the ironSource deal if it wants to pursue a combination with AppLovin, according to the proposal.

Unity said its board would evaluate the offer. The company is slated to report its earnings after the bell on Tuesday.

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

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 .

www.reuters.com

 

[Kuranghi]

Who the actual fuck is that, reading now.

 

[chromhound]

 

[TransTrender]

Wow
Read their Wiki and I still don't know who they are and I haven't heard of a single thing mentioned in there.

AppLovin - Wikipedia

en.m.wikipedia.org

 

[UnNamed]

AppLoving sounds like an app for dating.

 

[CamHostage]

Fuckin' what is the value of money?!

I just can't tell anymore, the last time I felt I understood what was worth what in the world was when Marvel and Star Wars each sold for $4bil each and that seemed to make sense for brands with clear and lasting value... after that, the concept of a billion dollars and who has a billion to spend just seems to be anything-goes.

 

[Black_Stride]

Unity is in such a bad state when basically two invasive ads companies are this interested in you.......and you are seriously considering it.

Didnt Unity just split up Weta?
WetaFX should just buy back WetaDigital and while they are at it grab Ziva Dynamics and save them from Unity Technologies garbage.

 

[rofif]

There is always some super rich unknown corporation and we are still wondering if illuminati and world bank rule the world ?

 

[hemo memo]

Why haven't we heard of this gaming software company that has 17 billion to spend before? Even the name is weird. AppLovin? Really?

 

[Shifty]

Sink Unity below the mobile gaming line with terrible PR, then wait for a dubious shell company to emerge from the depths with a big sack of cash.

Darth Riccitiello's plan is going off without a hitch.

 

[Bernd Lauert]

Fake sounding company that nobody has ever heard of has 17b dollars laying around. Weird flex.

 

[Connificent]

Who the actual fuck is that, reading now.

 

[channie]

GAF discovering megacorpos outside their favorite niche AAA publishers is golden.

 

[ShaquilleOatmeal]

Lovin the unity of industry consolidation!

 

[Shifty]

Lovin the unity of industry consolidation!

 

[Lady Jane]

nvm

 

[Trogdor1123]

This isn't going to ruin the next subnautica, Is it?

 

[ShaquilleOatmeal]

This isn't going to ruin the next subnautica, Is it?

My uncle who works at Nintendo told me this $17.5B acquisition was made just to cancel Subnautica 3.

 

[Trogdor1123]

My uncle who works at Nintendo told me this $17.5B acquisition was made just to cancel Subnautica 3.

Serious business

 

[Duchess]

Devs can just learn Unreal Engine instead.

 

[Robb]

Never heard of them.

Don't let the Western-ish name fool you. It's just China's umbrella growing larger

I thought so too, but reading a bit further it seems that the acquisitions wasn't allowed to go through, which is missing from your screen cap;
"The acquisition deal was subsequently abandoned for debt investment after opposition to the plans from the Committee on Foreign Investment in the United States"

 

[a multicultural team of v]

What is funny is that the market believes this as little as this thread because the stock is currently trading at $50.35 and the purchase offer is $58.85.

Free $8 a share if you think the deal will go through.

 

[Lady Jane]

Never heard of them.

I thought so too, but reading a bit further it seems that the acquisitions wasn't allowed to go through, which is missing from your screen cap;
"The acquisition deal was subsequently abandoned for debt investment after opposition to the plans from CFIUS"

Oh whoops. I admittedly did stop reading since I figured it was corporate jargon after

 

[Labadal]

 

[Cert.in.Death]

Wouldn't it be refreshing to hear that line from studios/publishers entertaining Chinese investment?

I suppose every one has their price.

 

[lh032]

AppLovin it.