Shares of Unity Software (NYSE: U) declined 17.4% on Wednesday to close at $32.82 after the gaming software development company announced the acquisition of Ironsource (NYSE: IS) in an all-stock deal. This deal values Ironsource at approximately $4.4 billion, at a 74% premium to the 30-day average exchange ratio. This transaction was positively viewed by William Blair analyst Dylan Becker and he retained his Buy rating on the stock. Becker elaborated further on his bullish thesis in his research report. Platform Synergy Between Unity and Ironsource The analyst is of the opinion that “this transaction makes strategic sense for both entities as they look to scale their platform solutions.
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Unity Software (NYSE:U)
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