Updated July 13, 2022 8:27 am ET / Original July 13, 2022 7:55 am ET
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The two groups announced that they have reached a definitive agreement under which IronSource (ticker: IS) will become a wholly-owned subsidiary of Unity (U) in a deal that will see each share of IronSource exchanged for 0.1089 shares of its new parent. Unity stockholders will own almost 74% of the combined company following the merger.