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845 points the-anarchist | 5 comments | | HN request time: 0.857s | source
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thenthenthen ◴[] No.44334730[source]
AppCloud, developed by the controversial Israeli-founded company ironSource (now owned by the American company Unity)

Yes the Unity 3D engine company wow.

replies(2): >>44335092 #>>44336029 #
1. Nition ◴[] No.44336029[source]
The weirdest part of that merger was Unity paid $4.4billion for IronSource.
replies(1): >>44337390 #
2. JohnHaugeland ◴[] No.44337390[source]
ironsource was the owner and runner of the largest sleazy game ad network, which was unity specific

unity was dying for lack of revenue

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3. Nition ◴[] No.44340740[source]
The fact that they were struggling for revenue just made the massive spend seem even weirder to me, but I suppose it could make sense if they truly expected to somehow get >4.4 billion back from ad revenue eventually. They also bought Wētā FX for $1.6 billion around the same time and did basically nothing with it.[1]

[1] https://www.fxguide.com/quicktakes/unity-software-with-a-com...

4. airstrike ◴[] No.44342622[source]
no, unity was dying for low profitability and ads had higher margin

I argued against the acquisition at the time, including against accepting the framing that it was a "merger", and I think everything that's transpired since then has validated my views.

Sadly, I was outnumbered and “it is difficult to get a man to understand something, when his salary depends on his not understanding it” applied as it always does.

John Riccitiello was a terrible CEO

I think there's non-zero chance this company will go down in flames. I think its only hope at this point is a sufficiently motivated activist shareholder.

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5. Nition ◴[] No.44351546{3}[source]
I have to say it made the later "Runtime Fee" announcement seem even more in poor taste as well, given that it might have had a big effect on the users paying it, but ultimately mean almost nothing to Unity against the billions paid for IronSource and WetaFX.

At 2¢ per install, with a million Unity games installed every year, they'd make a profit in 300,000 years.