WS Investor
01 Jul 2025, 19:24
AppLovin Finalizes $400 Million Sale of Mobile Gaming Business to Tripledot Studios
Palo Alto – July 1, 2025 – AppLovin (NASDAQ: APP) has completed the sale of its mobile gaming division to Tripledot Studios for $400 million in cash and a 20% equity stake in Tripledot. The deal, originally announced in May, closed on June 30 following regulatory approvals.
The divested portfolio includes 10 studios such as Machine Zone, Magic Tavern, PeopleFun, and Lion Studios—developers of hit titles like Wordscapes, Cooking Madness, and Project Makeover. AppLovin CEO Adam Foroughi said the transaction allows the company to focus solely on its core marketing platform and AI solutions.
Palo Alto – July 1, 2025 – AppLovin (NASDAQ: APP) has completed the sale of its mobile gaming division to Tripledot Studios for $400 million in cash and a 20% equity stake in Tripledot. The deal, originally announced in May, closed on June 30 following regulatory approvals.
The divested portfolio includes 10 studios such as Machine Zone, Magic Tavern, PeopleFun, and Lion Studios—developers of hit titles like Wordscapes, Cooking Madness, and Project Makeover. AppLovin CEO Adam Foroughi said the transaction allows the company to focus solely on its core marketing platform and AI solutions.
