Mobile software company AppLovin has offered to buy Unity for $17.5 billion. Unity is the company behind the popular Unity Engine, which has been used to make games as diverse as Call of Duty: Mobile and Pokemon Go. The company has reportedly offered $58.85 for each Unity share – a premium of 18% on Unity's Monday closing price.

Unity would own 55% of the combined company’s outstanding shares, giving Unity a 49% voting right going forward. “Unity is one of the world's leading platforms for helping creators turn their inspirations into real-time 3D content,” said AppLovin CEO Adam Foroughi.

Unity reported $297 million in quarterly revenue – a 9% increase year-on-year. If the AppLovin deal is accepted, it would be unlikely for Unity to close on its previous agreement with ironSource – generating a $150 million termination fee for ironSource in the process.

Valve's Gabe Newell talks about the impact of loot boxes and microtransactions in the games industry. Newell also shares his thoughts on microtransaction addiction and the future of the game industry. Click through the gallery to see the full interview with Newell.
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