AppLovin closes sale of mobile gaming business to Tripledot for $400M cash + 20% equity

AppLovin Corp

Closed on June 30, 2025. Consideration: $400M cash (subject to closing adjustments) and ~20% fully-diluted equity in Tripledot.
No promissory note issued; amendment allowed purchaser to pay cash instead of note as originally agreed.
The amendment also sets a minimum cash consideration payment amount of $150M.
AppLovin transfers equity interests of subsidiaries engaged in mobile gaming business.

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