Unity’s (U) Union With ironSource (IS) Sends Stock Plunging | #shorts

Shares of Unity Software (U) fell more than 17% Wednesday after Unity (U) announced it would merge with ironSource (IS) for $4.4B in stock. Unity creates and operates interactive, real-time 3D content, and ironSource, (IS) specializes in monetizing mobile content. In addition to announcing its acquisition, Unity (U) also cut its full-year revenue outlook to between $1.3B and $1.35B, compared to its earlier estimate in a range of $1.35B and $1.42B. For more market insight tune in to https://tdameritradenetwork.com/

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