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AppLovin bids $17.5B to acquire Unity

150 pointsby marc__1almost 3 years ago

11 comments

soaredalmost 3 years ago
AppLovin will be caught in up in an ad fraud scandal within two years. I can&#x27;t share the data but we&#x27;ve stopped spending any money through them due to obvious fraud. Previously we were spending ~20k&#x2F;day with them.<p>To be fair, unity isn&#x27;t clean either. For over a month in Q1 of this year they had a whole lot of ads where the &quot;x&quot; button to close was actually covered by the ad, so ~50% of ads were being clicked when a user wanted to close them.
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andrewstuartalmost 3 years ago
It&#x27;s a weird decision.<p>Unreal Engine is redefining game engines into something capable of creating both movies and games, and pushing the state of the art to somewhere amazing.<p>Whilst..... Unity is laying off people and leaning into low quality advertising.<p>It&#x27;s weird also that the big players like Microsoft didn&#x27;t swing in to buy Unity and do the same thing that Unreal is doing.<p>It&#x27;s like the future of high end media is being created in this space and Unity is tossing away their second place position entirely.
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password4321almost 3 years ago
Either way, Unity += ads.<p>dupe<p>2022-08-09 <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32397510" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32397510</a> (AppLovin offers to buy Unity Software in $17.5 bln deal)<p>&gt; <i>For people wondering what happens with the ironSource deal, this bid is meant to derail it.</i><p>see also<p>2022-07-14 <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32097752" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32097752</a> (Gamedevs not baking in monetization are “fucking idiots”, says Unity CEO)<p>2022-07-14 <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32096371" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32096371</a> (Unity is acquiring a company who made a malware installer)<p>2022-07-13 <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32081051" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32081051</a> (Unity merges with IronSource)
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cowpigalmost 3 years ago
According to Wikipedia, AppLovin has 6.16Bn in total assets and 2.5Bn revenue. How can a company this size bid 17.54Bn to acquire Unity?
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bpodgurskyalmost 3 years ago
For those discussing the dollar amounts, it&#x27;s really just a merger with AppLovin as the dominant partner [1]. It&#x27;s an all-stock deal, so I don&#x27;t think there&#x27;s any need for external money.<p>[1] <a href="https:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;applovin-submits-bid-to-buy-unity-software-in-a-deal-valued-at-20-billion-2022-08-09" rel="nofollow">https:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;applovin-submits-bid-to-bu...</a>
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_jezell_almost 3 years ago
Meta should have bought Unity. Zuck is sleeping at the wheel. They are gonna try to win at the metaverse without a dev platform. Good luck with that.
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pclmulqdqalmost 3 years ago
It really does seem that this bid will be tying two sinking ships together. Whether that helps them float, I don&#x27;t know.
snirdalmost 3 years ago
This probably have an amazing background story.<p>AppLovin and Unity has a similar market cap, making this merger almost equal in power - which typically leads to an uphill battle in management of who has the power.<p>This first and foremost blocks the IronSource merger, and it&#x27;s probably something that Unity management don&#x27;t want to do. But the board must consider it or otherwise it will suffer hell of litigation from shareholders.<p>It&#x27;s super interesting to see where this all leads.
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uomoalmost 3 years ago
Earlier discussion: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32397510" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32397510</a>
encryptluks2almost 3 years ago
Why do I get a sense that some of these companies making acquisitions are just fronts for acquisitions. Regardless, personally I see a lot more value in Unity than Twitter.
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robotburritoalmost 3 years ago
I sometimes wondered if Meta would purchase them in an attempt to make it the defacto metaverse dev tool.
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