Applovin Puts Forward 20 Billion Offer To Buy Unity
When compared to Unity’s Monday closing price, AppLovin’s offer of $58.85 for each share indicates an increase of 18%. Unity will have about 49% of the voting rights and possess 55% of the outstanding shares of the merged firm. Adam Foroughi, AppLovin CEO commented on the proposal saying: According to the planned merger, AppLovin CEO Adam Foroughi would serve as the chief operating officer and John Riccitiello, CEO of Unity, will serve as CEO of the merged company....