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Unity to Buy IronSource for $4.4 Billion. IronSource Stock Surges and Unity Slumps.

Updated July 13, 2022 8:27 am ET / Original July 13, 2022 7:55 am ET

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Unity Software will take over IronSource in an all-stock $4.4 billion merger deal—and investor sentiment on the two companies have diverged in a big way on the news.

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. 

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