Unity PR Confirms Merger Agreement With ironSource
Unity PR Confirms Merger Agreement With ironSource
Unity PR確認與ironSource的合併協議
- Highly accretive merger is expected to deliver a run rate of $1 billion in Adjusted EBITDA by the end of 2024, and $300 million in annual EBITDA synergies by year three.
- All-stock transaction values ironSource at approximately $4.4 billion, representing a 74% premium to the 30-day average exchange ratio.
- Unity Board authorizes a share buyback program of up to $2.5 billion effective upon closing of the transaction.
- Silver Lake and Sequoia, the two largest Unity shareholders, have committed to investing an aggregate $1 billion in Unity in the form of convertible notes to be issued at closing of the transaction.
- ironSource reaffirms second quarter and full-year 2022 guidance provided during its first quarter earnings call; Unity expects second quarter financial results to be slightly higher than the top end of the guidance range provided during its first quarter earnings call; Unity reduces full-year 2022 revenue guidance from $1,350 - $1,425 million to $1,300 - $1,350 million.
- 預計到2024年底,高增值合併將帶來10億美元的調整後EBITDA運行率,到第三年,年度EBITDA協同效應將達到3億美元。
- 全股票交易對ironSource的估值約為44億美元,較30天平均交換比率溢價74%。
- 聯合董事會批准了一項高達25億美元的股票回購計劃,交易完成後生效。
- 銀湖和紅杉是Unity的兩個最大股東,它們已承諾以可轉換票據的形式向Unity投資總計10億美元,這些票據將在交易完成時發行。
- IronSource重申了在第一季度收益電話會議上提供的2022年第二季度和全年指導;Unity預計第二季度財務業績將略高於第一季度收益電話會議提供的指導範圍的高端;Unity將2022年全年收入指導從1350-14.25億美元下調至13億-13.5億美元。