AppLovin (APP) Will Not Submit Revised Proposal to Combine With Unity Software (U), Withdraws Initial Proposal

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Go back to AppLovin (APP) Will Not Submit Revised Proposal to Combine With Unity Software (U), Withdraws Initial Proposal

AppLovin Confirms It Will Not Submit a Revised Proposal to Combine With Unity Software

September 12, 2022 4:05 PM EDT

PALO ALTO, Calif.--(BUSINESS WIRE)-- AppLovin (NASDAQ: APP), a leading growth platform for developers, today announced that it does not intend to submit another proposal to combine with Unity Software Inc. (NYSE: U) and has withdrawn its initial proposal from August 9, 2022.

AppLovin saw potential in combining its profitable business model and machine-learning capabilities with Unitys Create platform. The opportunity was even more interesting given the market headwinds facing the industry. Following careful consideration, AppLovin concluded that its path as the independent market leader is better... More