Applovin

Backing away from the deal, AppLovin said it thought that remaining independent is better for stockholders and other stakeholders. Photo: Pavlo Gonchar/Zuma Press…

Gaming software maker Unity Software Inc. rejected AppLovin Corp's $17.54 billion takeover offer and said it would go ahead with its planned purchase of ironSource. AppLovin, which competes with ironSource in helping developers grow and monetize their apps, offered to buy Unity in an all-stock deal last week on the condition that it drops the $4.4 billion bid for Tel Aviv-based ironSource. Unity said AppLovin's offer was not in the best interest of shareholders and decided it would not qualify as a "Superior Proposal" as…

Unity shares tumbled 7% on Monday, after the video game software company's board rejected a bid to be acquired by AppLovin.Unity announced on Monday that AppLovin's $20 billion bid was "not in the best interests of Unity shareholders." AppLovin offered to buy Unity for $58.85 per share last week, which was a premium of about 18% to the prior closing price.Instead of taking that offer, Unity recommends that shareholders vote in favor of its own $4.4 billion proposed acquisition of mobile advertising technology firm…

Unity operates a platform for developing mobile, console and computer videogames. Photo: Igor Golovniov/SOPA Images/Zuma Press…

AppLovin’ It Mobile software company AppLovin has issued a proposal to Unity Technologies, offering to merge with the popular and highly widespread game engine creator for a staggering $17.5 billion USD buy-in rate. AppLovin made the offer public yesterday, with Unity Technology currently weighing up its options. In order for Unity to accept the deal, it must first back out of its current agreement with another mobile-heavy software company, IronSource. IronSource and Unity announced their plans to merge a mere…

Gaming software company AppLovin Corp made an offer 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. AppLovin has offered $58.85 for each Unity share, which represents a premium of 18 percent to Unity's closing price. Unity will own 55 percent of the combined company's outstanding shares, representing about 49 percent of the voting rights. AppLovin hired advisors to work out an offer after Unity last…

Gaming software company AppLovin on Tuesday made an offer to buy peer Unity Software in a $17.54 billion (roughly Rs. 1,39,600 crore) all-stock deal, looking to tap into growing demand for three-dimensional gaming. Both companies make software used to design video games. Game-making software has also been expanding to new technologies such as the so-called metaverse, or immersive virtual worlds.Unity's software has been used to build some of the most-played games such as Call of Duty: Mobile, and Pokémon Go, while…

The precise movements of millions of users of the gay-dating app Grindr were collected from a digital advertising network and made available for sale, according to people familiar with the matter.The information was available for sale since at least 2017, and historical data may still be obtainable, the people said. Grindr two years ago cut off the flow of location data to any ad networks, ending the possibility of such data collection today, the company said. The commercial availability of the personal information, which…