Unity could potentially have new ownership soon. Mobile-focused company, AppLovin has proposed a buyout of Unity in a deal worth $17.5 billion.
AppLovin made the offer this week, presenting an all-stock deal currently worth just over $17.5 billion. Unity is now evaluating the offer, but the situation is a little complicated, as Unity is currently in the process of wrapping up a merger of its own. Unity recently acquired IronSource and is currently working towards finalising that deal. If Unity agrees to AppLovin's offer, then the IronSource acquisition could be scrapped.
Unity CEO, John Riccitiello, would be in a good position with this offer, as the proposal would see him become CEO of the newly merged company if Unity joins AppLovin.
For those who don't know, Unity began as a game engine company, focused on developers for all platforms. Nowadays, Unity is primarily popular amongst mobile app developers. AppLovin on the other hand is a mobile app analysis, marketing and publishing company with investments in a number of mobile game companies.
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KitGuru Says: Unity is still evaluating the offer, but we should hear more on this in the coming days.