Game engine giant 'Unity' rejects acquisition offer of 2.37 trillion yen



AppLovin, an American mobile technology company, presented an acquisition proposal for $ 17.54 billion (about 2.37 trillion yen) on August 9, 2022 to Unity Software, which is famous for its game engine 'Unity'. . It was announced on August 15 that this acquisition proposal, which aimed for growth in the turbulent game industry due to deregulation and inflation of the new coronavirus, ended with Unity's refusal.

Unity Technologies - Unity Board of Directors Reaffirms Commitment to ironSource Transaction and Rejects Unsolicited Proposal from AppLovin

https://investors.unity.com/news/news-details/2022/Unity-Board-of-Directors-Reaffirms-Commitment-to-ironSource-Transaction-and-Rejects-Unsolicited-Proposal-from-AppLovin/default. aspx

Unity rejects AppLovin's takeover bid, to stick with ironSource buyout | Reuters
https://www.reuters.com/technology/unity-software-rejects-applovins-1754-bln-takeover-offer-2022-08-15/

Unity rejects $17B hostile takeover bid from AppLovin | VentureBeat
https://venturebeat.com/games/unity-rejects-17b-hostile-takeover-bid-from-applovin/

In the announcement on August 9, 2022, AppLovin presented Unity with an acquisition proposal of 17.54 billion dollars (about 2.37 trillion yen), and AppLovin has 45% of Unity's issued shares and voting rights It was revealed that it plans to hold 51% of The acquisition conditions also included an item that 'Unity will cancel the acquisition plan of Israeli software company ironSource'.

Game engine major 'Unity' receives acquisition offer of 2.37 trillion yen, Unity side considers proposal - GIGAZINE



In response to this acquisition proposal, Unity said, ``We have determined that AppLovin's proposal cannot reasonably be expected to produce superior results compared to the acquisition agreement between Unity and ironSource.'' AppLovin's acquisition proposal announced its intention to refuse The decision was unanimously determined by Unity's board of directors that ``the acquisition by AppLovin is not in the best interest of Unity's shareholders.''

'Unity's acquisition agreement with IronSource creates an industry-first platform that empowers creators to succeed,' said Unity CEO John Riccitiello in a statement. It enables content to be developed, published, executed, monetized and grown seamlessly, and the collaboration between Unity and IronSource leads to real benefits for Unity's shareholders and creators.' and the importance of the relationship between Unity and IronSource.



In a statement, IronSource said, 'Unity and IronSource are stronger, more profitable, and can optimize both aspects of content creation and operations as a business to provide creators with everything they need to succeed. We are confident that this merger will deliver superior value for our shareholders, customers and employees,' said Unity, welcoming the announcement.

According to Unity's announcement, after the merger of Unity and IronSource, it is expected to generate a profit of 1 billion dollars (about 130 billion yen) by the end of 2024. The merger is also expected to generate $300 million in annual synergies. Unity and IronSource expect the merger to be completed around winter 2022 to spring 2023, after obtaining shareholder approval for the acquisition.

Media such as Reuters and IT media VentureBeat are asking AppLovin for comments, but at the time of writing the article, AppLovin has not issued a statement on Unity's refusal to acquire.

in Game, Posted by log1e_dh