[Super Harley]

Unity Software has agreed to an all-stock merger deal, valuing ironSource at roughly $4.4 bln, a 74% premium to the 30-day average exchange ratio, iro
[See the full post at: Market Savages Unity Software Merger with App-Monetization Platform Provider ironSource]

[MoneyNeverSleeps]

Unity Software (U) beats by $0.03, reports revs in-line; guides Q3 revs below consensus; guides FY22 revs below consensus… U down 2.2%

[Truman]

Unity Software (U) announces that its Board of Directors has completed a thorough financial and strategic evaluation of the unsolicited proposal from AppLovin (APP), with the assistance of outside financial and legal advisors, and has unanimously determined that it is not in the best interests of Unity shareholders and would not reasonably be expected to result in a “Superior Proposal” as defined in Unity’s merger agreement with ironSource (IS)

[MoneyNeverSleeps]

AppLovin (APP) confirms that it does not intend to submit another proposal to combine with Unity Software (U) and has withdrawn its initial proposal

$APP up 2.6%; $U down 1.8%

[TradersCom]

Unity Software (U) reports Q1 (Mar) results, beats on revs; guides Q2 revs above consensus; reaffirms FY23 revs guidance.
$U up 11.6%

AppLovin (APP) misses by $0.07, beats on revs; guides Q2 revs above consensus
$APP up 10.5%

[Author]

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