According to Reuters, the staggering figure that this mobile tech company plans to acquire Unity

AppLovin company wants to buy those responsible for the graphics engine for $ 17,500 million.

2022 leaves us some things best headlines from recent years. This is where acquisitions like Microsoft’s Activision Blizzard or Sony’s Bungie come into play. However, there are other companies in the industry that want to jump into the corporate shopping cart. astronomical figuresand this includes the mobile tech firm AppLovin.

AppLovin CEO thinks this alliance will generate 3,000 million profits by 2024As we read in Reuters, this Californian company buy unit approximately 17.5 billion dollars. In this way, AppLovin will offer $58.85 for each Unity share, representing an 18% premium over the Monday closing price of the company responsible for the famous graphics engine. unity yet did not answer To the AppLovin offer.

AppLovin also specializes in making software used for game development, but went public last year due to the increased need to produce games due to pandemic restrictions. According to company CEO Adam Foroughi, this acquisition will combine the potential of both companies to generate more than $3 billion in operating profits by the end of 2024.

As we mentioned earlier, Unity did not provide a response regarding its sale. In addition, it should be noted that this company is already holding deals to expand its presence in the world of video games, something it can achieve through a collaboration with Microsoft. Azureservice that drives video game development through cloud technology.