secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001193125-22-215724
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppLovin proposes all-stock merger with Unity valuing Unity at $58.85/share; updates 2022 guidance
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- All-stock deal values Unity at $20B enterprise value, $58.85/share – an 18% premium to 8/8/2022 close.
- Unity shareholders would own ~55% of combined co (49% voting); AppLovin holders ~45% (51% voting).
- Combined targets >$7B run-rate revenue and >$3B run-rate Adj. EBITDA by end 2024E; $700M+ synergy by 2025E.
- Unity CEO John Riccitiello to become CEO of combined firm; AppLovin CEO Adam Foroughi to become COO.
- FY2022 Apps revenue outlook lowered to $1.70-1.85B from $2.00-2.15B; Software Platform & EBITDA guidance unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000119312522215724/0001193125-22-215724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000119312522215724/d385952d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-215724

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer