AppLovin Completes Sale of Mobile Gaming Business to Tripledot Studios

  • PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin Corporation (NASDAQ: APP) ("AppLovin"), a leading marketing platform, today 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. No promissory note was issued as part of the transaction. The transaction, which was originally announc.