Consolidation in Gaming sector: ironSource to merge with Unity Software in a USD 4.4 billion transaction
Israeli company iron Source and Unity Software Inc., the world’s leading platform for creating and operating interactive, real-time 3D content, announced that ironSource will merge into a wholly-owned subsidiary of Unity via an all-stock deal.
The transaction values ironSource at approximately USD 4.4 billion.
Morrison & Foerster and Herzog Fox & Neeman served as legal advisors to Unity. Latham & Watkins and Meitar served as legal advisors to ironSource, which went public a year ago through a SPAC merger at a valuation of USD 11.1 billion.
The Herzog Fox & Neeman team included partners Hanan Haviv, Yuval Meidar, Dr. Ehab Farah, Shachar Porat, Nir Dash, Gal Eschet, Liat Shaked-Katz and Ronen Avner and associates Rei Even-Chen, Deborah Aflalo, Shir Greenstein, Gabriel Cohen, Yael Zigel, Niran Ferman, Anna Landau, Daniel Rosenblatt and Michael Gladstein.
The MoFo deal team advising Unity in the merger was led by corporate partners Eric McCrath, David Slotkin, and Joe Sulzbach and technology transactions partner Tessa Schwartz, together with corporate associates Vonnie Nam, Tyler Miller, JD Husband, and Mary Opolko, and technology transactions associates Rohan George, Monica Cai, Reid Knabe, and Emmanuel Perez.
The cross-border multidisciplinary Latham team was led by Tel Aviv/London corporate partner Joshua Kiernan, Bay Area/New York partner Josh Dubofsky, and Chicago partner Max Schleusener, with Tel Aviv associate Gilad Zohari, and Chicago associates Ariel Cho and Brian Baloun.
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