Titanium Media App reported on August 15 that Unity Software (U.US) rejected last week’s unsolicited acquisition by AppLovin (APP.US), and Unity’s board reiterated its recommendation that shareholders vote for ironSource (IS.US). Unity said in a statement that its board believed that AppLovin's offer was not in the best interests of shareholders and that it was impossible to come up with a "superior offer" than the deal with ironSource. "The board remains confident that the ironSource transaction is attractive and will enable creators to seamlessly develop, publish, operate, and monetize by creating a unique end-to-end platform," Unity president and CEO John Riccitiello said in a statement. and develop real-time games and real-time 3D content, providing an opportunity to generate long-term value.”
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