Unity Software have chosen to reject a $17.54 billion (£14.58 billion) all-stock takeover offer from mobile gaming technology company AppLovin to instead pursue their own planned merger with AppLovin’s rival ironSource. Unity’s board of directors unanimously cast aside the AppLovin offer, which hadn’t been sought by the game engine company, after a “thorough financial and strategic evaluation”. The board has recommended that shareholders vote against AppLovin’s offer.
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