AppLovin Corp offers to acquire Unity Software Inc for $17.5 billion [2022-08]

[BRiT]

AppLovin offers to buy video game software maker Unity in $17.5 bln deal

Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity's announced plan to acquire AppLovin's smaller competitor ironSource .

www.reuters.com

Gaming software company AppLovin Corp (APP.O) on Tuesday made an offer to buy peer Unity Software Inc (U.N) in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional gaming.

Both companies make software used to design video games. Game-making software has also been expanding to new technologies such as the so-called metaverse, or immersive virtual worlds.

...

The enterprise value of the deal is $20 billion. AppLovin will offer $58.85 for each Unity share, which represents a premium of 18% to Unity's Monday closing price.

 

[eastmen]

Well Unity has had a run of bad press lately with that spyware company merger. So this could help bury that.

 

[Malo]

Well Unity has had a run of bad press lately with that spyware company merger. So this could help bury that.

I'm not sure Unity really cares. They're focusing on mobile and other platforms where monetization is the primary driver for game development. And it's an offer by a mobile game company.

 

[BRiT]

Some related reports for Unity:

It's official now: US game software developer Unity to set up China JV, valued at $1 billion. Partners including Alibaba, China Mobile, Oppo and Bytedance's Douyin Group. Unity will retain the majority ownership and control of the Chinese JV.

San Francisco-based Unity has sought strategic investors to join it in a business valued at over $1 billion during talks, said two of the people, declining to be identified as they were not authorised to speak publicly on the matter.

Unity's spin-off plan is being driven by a desire to see its software used more extensively in China in areas as varied as smart city modelling to industrial design, as well as in the metaverse. Potential investors Unity has been speaking to have made big bets on the metaverse.

U.S. game software developer Unity to set up China JV for expansion

Unity Software Inc , the U.S. developer whose software is used in video games like Tencent Holdings' "Honor of Kings", said on Tuesday it had struck a deal to create a joint venture with multiple partners, valued at $1 billion, from its China business.

www.reuters.com

https://twitter.com/x/status/1557005988578074624

 

[eastmen]

Wonder how many developers will leave Unity now.