shares of video gaming software company unity software inc u rallied 110 in premarket trading while applovin corps stock app tumbled 100 after applovin said it submitted and unsolicited bid to buy unity in an allstock deal with an enterprise value of 20 billion under terms of the deal marketing software company applovin said it will exchange 1152 of its class a shares and 0314 of its class c shares for each unity share outstanding based on recent stock prices that share exchange bid values unity shares at 5885 each representing an 183 premium to mondays closing price of 4976 applovin said it expects the deal to create more than 700 million in adjusted earnings before interest taxes depreciation and amortization ebitda from synergies in 2025 and applovin said it proposes unity chief executive john riccitiello become ceo of the combined business separately applovin affirmed its 2022 guidance for adjusted ebitda midpoint of 12 billion year to date unity shares have tumbled 652 and applovins stock has dropped 574 while the sp 500 spx has lost 131