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 announced on May 7, 2025, closed June 30, 2025, following the satisfaction of all customary closing conditions and regulatory requirements.
Now AppLovin is a pure ad play.
Luffy