$17.5bn Unity acquisition proposed by gaming software company AppLovin

Unity has rejected the offer from AppLovin, that saw the gaming software company seek to aquire Unity in a $17.54bn all-stock deal.

Per GamesIndustry.biz, Unity’s board of directors decided to reject AppLovin’s offer in order to go ahead with a previously announced deal with IronSource. Here, the board stated that AppLovin’s proposal was “not in the best interests of Unity shareholders.”

Meanwhile, on the IronSource deal, Unity CEO John Riccitiello said: “The board continues to believe that the IronSource transaction is compelling and will deliver an opportunity to generate long-term value through the creation of a unique end-to-end platform that allows creators to develop, publish, run, monetise, and grow live games and real-time 3D content seamlessly.”