secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001751008-25-000008
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

AppLovin to sell mobile gaming business for $900M; CMO resigns
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- CMO Katie Jansen resigns effective March 14, 2025; no disagreement on operations, policies, or procedures.
- Company entered non-binding term sheet to sell mobile gaming business to private acquirer for $900M total consideration.
- Consideration: $400M in acquirer's equity and $500M cash, subject to customary purchase price adjustments.
- Acquirer may borrow up to $250M of cash portion; if unable, AppLovin agrees to provide financing via promissory note.
- Term sheet includes exclusivity and good-faith negotiation; definitive agreements remain to be finalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000175100825000008/0001751008-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000175100825000008/app-20250210.htm
  HTML page:      https://secwatch.observer/filing/0001751008-25-000008

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