AppLovin Completes Sale of Mobile Gaming Business to Tripledot Studios
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AppLovinTripledot Studios
“AppLovin Corporation (“AppLovin”), a leading marketing platform, announced the successful completion of the sale of its mobile gaming business to Tripledot Studios for $400.0 million in cash, subject to closing adjustments, and equity consideration representing approximately 20% of Tripledot’s fully-diluted equity at the time of closing.”Quelle
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AppLovin sells its games business to become ad-only
Publishers and advertisers dealing with AppLovin will now interact with a company focused solely on advertising, after it sold its mobile games business to Tripledot Studios.