KKR sells 15M AppLovin shares to GQG; closing on June 9

AppLovin Corp

KKR Denali enters agreement to sell 15,000,000 shares of AppLovin Class A common stock to GQG Partners.
Transaction expected to close June 9, 2023; KKR receives all proceeds.
AppLovin is not offering any shares and will not receive any proceeds.
Company and KKR believe the sale adds long-term oriented investors to shareholder base.
Sale made under shelf registration statement and prospectus supplement filed June 1, 2023.

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