Applovin slid over 12% while Unity rose nearly 2% in morning trading.
Applovin submits bid to buy Unity Software in a deal valued at $20 billion,it will exchange 1.152 of its Class A shares and 0.314 of its Class C shares for each Unity share outstanding. Based on recent stock prices, that share exchange bid values Unity shares at $58.85 each, representing an 18.3% premium to Monday's closing price of $49.76.
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