The all-stock deal values IronSource at $4.4 billion. Silver Lake and Sequoia will be part of the deal.
Unity Merging Deal- Part of Deal
Unity Merging Deal- Convertible Notes
They will invest $1 billion in Unity through convertible notes once the transaction closes.
Unity stated that the companies anticipate the details to close in Q4 and that they "are expected to generate a run-rate of $1 billion.
Unity Merging Deal- Generate Revenue
Unity and ironSource combine to better support creators of all sizes, giving them the tools they need.
Unity Merging Deal- Support Creators
John Riccitiello is CEO of Unity. This is a significant step towards realizing our vision for a fully integrated.
Unity Merging Deal- Company CEO
We are looking forward to welcoming Tomer Bar-Zeev (CEO of ironSource) and the rest ironSource's talented staff.
Unity Merging Deal- Looking Forward
This deal highlights a shift in the industry. Avihai Michaeli (an investment banker and startup advisor.
Unity Merging Deal- Key Highlights
Original story originally published. The decline in tech valuations has led to significant M&A activity.
Unity Merging Deal- Story Published
Image Source-The tech portal, Inventiva
Delta Air Lines reported Wednesday a quarter-end profit, thanks to passengers who are willing to pay more to fly.
Delta Airlines Quarterly Results Are Out