Game developer

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…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!