The valuation (based on the trading price of each stock) of the combined companies is more than the $18 billion (it can vary in exciting ways). This article la

The valuation (based on the trading price of each stock) of the combined companies is more than the $18 billion (it can vary in exciting ways). This article lays it out pretty clearly: https://www.barrons.com/articles/applovin-unity-software-takeover-bid-news-51660049615 https://www.barrons.com/articles/applovin-unity-software-tak...