Unity Software Tanks 11% After AppLovin Withdraws $18 Bln Buyout Offer

Shares of gaming software maker Unity Software Inc. (U) are down 11 percent on Tuesday's trading after software company AppLovin Corp. (APP) withdrew its buyout offer for the former. Earlier in August, Unity had decided to turn down AppLovin's buyout proposal of $18 billion.

Unity Software will now proceed with its planned purchase of IronSource Ltd. (IS) as announced earlier.

Currently at $37.51, the stock has traded between $29.09 and $210.00 during the past 52 weeks.

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