$Unity Software Inc.(U)$

Unity Software(NYSE:U) stock has two current catalysts that could affect its price soon. First,AppLovin(NASDAQ:APP)offered to acquireUnity Software for $17.5 billion, but UnitySoftware’s board quickly shot the offer down.

Instead, the board recommends the company forge ahead with its deal announced last month to buyIronSource(NYSE:IS). The IronSource platform helps scale and publish mobile games and apps while Unity Software is a noted real-time 3D game content name.

Here’s what’s interesting: AppLovin’s deal valued U stock at $58.85 per share, but was ultimately not recommended. The ironSource deal should make Unity stronger, theoretically raising its share price. That means Unity Software likely assumes its shares are worth much more than $58.85, and there’s strong upside because of that.

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