AppLovin Corporation announced on June 30, 2025, the successful completion of the sale of its mobile gaming business to Tripledot Studios. The transaction, originally announced on May 7, 2025, closed following the satisfaction of all customary closing conditions and regulatory requirements.
The divestiture involved AppLovin selling its mobile gaming business, including 10 game studios and their popular mobile gaming franchises, for $400 million in cash and an equity consideration representing approximately 20% of Tripledot’s fully-diluted equity. No promissory note was issued as part of the final transaction.
Adam Foroughi, Co-founder and CEO of AppLovin, stated that the closing of this transaction streamlines the company to its core business. This strategic move allows AppLovin to fully focus on the opportunities that will shape and define the future of its AI-powered advertising platform.
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