Unity Board Opposes AppLovin Buyout Offer

Unity Software board has unanimously agreed that the $17.5 billion buyout offer from AppLovin isn’t in the best interests of shareholders.

Unity on Monday recommended shareholders vote against the AppLovin deal and instead vote in favor of Unity’s planned deal to buy ironSource Ltd. for $4.4 billion, a merger that was agreed upon last month. IronSource runs a platform for publishing and scaling mobile games and other apps.