- ironSource (NYSE:IS) plunged 16% in premarket trading after AppLovin (NASDAQ:APP) offered to buy Unity Software (NYSE:U) in an all-stock deal.
- Under the proposal, Unity(U) would have to terminate its agreement to purchase ironSource, according to the AppLovin press release.
- Unity (U) agreed to buy ironSource for $4.4 billion in a stock deal last month.
- Unity (U) is set to release Q2 results after the close on Tuesday.