AppLovin bids $20 billion for video game developer Unity
Posted onAuthorGarry A. DeitchComments Off on AppLovin bids $20 billion for video game developer Unity
By Elaine Briseño (August 9, 2022, 5:01 p.m. EDT) — Mobile game company AppLovin Corp., led by Wilson Sonsini Goodrich & Rosati PC, announced on Tuesday that it has made an unsolicited offer to buy the video game development company Unity Software Inc., in an all-stock proposal with an enterprise value of $20 billion.
AppLovin released a statement announcing that it had submitted its offer to Unity Software’s board of directors to pay $58.85 per share, an offer that values the target at around $20 billion, including debt. A Unity spokesperson said on Tuesday that the company had received the offer and that its board would “thoroughly evaluate it.”
AppLovin said a combined company would offer…
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