AppLovin abandons effort to acquire Unity after $20 billion bid was rejected [MSNBC.com]
Applovin Corporation - Class A (APP)
Company Research
Source: MSNBC.com
AppLovin logo is seen at the company's booth one day before the China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China.VCG | Visual China Group | Getty ImagesUnityAfter Unity shareholdersrejectedsaid"Following careful consideration, AppLovin concluded that its path as the independent market leader is better for its stockholders and other stakeholders," the company said.In early August, AppLovin offered to buy Unity for $58.85 per share, which was a premium of about 18% to the prior closing price. Unity responded by saying that the deal was “not in the best interests of Unity shareholders.” Instead of taking that offer, Unity recommended that shareholders vote in favor of its own $4.4 billion proposedacquisitionagreed uponWith AppLovin’s proposal, Unity would have had to abandon the IronSource deal. It also would have made Unity CEO John Riccitiello the CEO of the combined company.“We remain excited about
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APP
Earnings
- 2/14/24 - Beat
APP
Sec Filings
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- 3/18/24 - Form 4
- APP's page on the SEC website