Unity rejects Applovin’s 17.5 billion offer as it will merge with another company

The company wants to merge with ironSource, which is responsible for developing monetization technologies.

We are in a situation where multimillion dollar purchases they happen at the stroke of a checkbook. What we will now interpret is one of the exceptions, as it could not be completed. It turns out that Unity denied Join tech company Applovinand therefore turned down an offer of $17,540 million.

Unity rejects Applovin because it’s not in its shareholders’ interestAccording to VGC, Union unanimously rejected The proposed merger with Applovin as “not in the interest of the Union shareholders”. Instead, the company will be merged with ironSourcewho’s? stocks rose According to Bolsamania, this news was known. ironSource company makes software that focuses on: development of monetization technologiesSomething very in line with what the Unity CEO has been criticizing lately.

Unity CEO John Riccitello said about the merger with ironSource: “We are committed and Excited about Unity’s deal with ironSource and significant benefits for our shareholders”. In contrast, after Unity rejected Applovin, The stock market value has dropped slightly..

Unity recently reached an agreement with CACI to provide technology to the United States Army. Also, its CEO made some comments against the company. Developers who don’t prioritize monetization from their games. Words to apologize for later.

More on: Purchasing troops and studies.