AppLovin proposes to combine with Unity for about $17B

AppLovin, the mobile monetization platform, announced today it has submitted a non-binding proposal to Unity. Offering to “combine” with Unity, it’s more of a proposed acquisition for what would amount to about $17 billion.

The proposal is for an all-stock deal valuing Unity’s stock at $58.85 per share, an 18% premium to Unity’s Monday closing price. Current Unity shareholders would receive 55% of the shares of the post-marriage company, which would equal 49% of the voting rights.