Unity‘s board of directors rejected a $17 billion hostile takeover bid from AppLovin in favor of its pending deal to combine with mobile monetization firm IronSource.
Unity took about six days to reject the unsolicited offer from AppLovin to combine with Unity. AppLovin, a mobile game publisher and monetization firm, made an all-stock offer valuing Unity at $58.85 per share, an 18% premium to its prior closing price.
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