IronSource Shares Surge 47% on Merger Announcement With Unity Software
<p><a href='https://financialmodelingprep.com/financial-summary/IS'>IronSource Ltd. (NYSE:IS)</a> shares closed more than 47% higher on Wednesday following the announcement, according which the company and Unity Software have entered a merger agreement whereby ironSource will become a wholly-owned subsidiary of Unity. The all-stock deal (expected to close by Q4/22), with each share of ironSource expected to be exchanged for 0.1089 shares of Unity common stock, values ironSource at about $4.4 billion. </p>
<p>Analysts at Oppenheimer believe the transaction makes financial and strategic sense for Unity and expect little regulatory pushback. </p>

NYSE:IS