M&A
confidence high
sentiment positive
materiality 0.75
AppLovin authorizes $750M share buyback; issues ~2.7M shares for Wurl acquisition
AppLovin Corp
- Authorized $750M share repurchase program for Class A common stock, effective immediately.
- Agreed to issue ~2.7M shares of Class A common stock as partial consideration for acquiring Wurl, Inc.
- Annual meeting of stockholders scheduled for June 8, 2022; proposal deadline set to March 10, 2022.