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Unity Board opposes AppLovin’s $17.5 billion takeover bid

Unit Software the board unanimously agreed that the $17.5 billion takeover bid for AppLovin is not in the interest of the 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 to last month. IronSource operates a platform for publishing and scaling mobile games and other applications.


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