STOCKHOLM (Reuters) -London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin’s mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday. The deal will help Tripledot expand its footprint in markets including the United States and Asia, and add gaming titles such as Cash Tornado, […]
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Game developer Tripledot acquires AppLovin’s mobile gaming portfolio for $800 million
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STOCKHOLM (Reuters) -London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin’s mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday.
The deal will help Tripledot expand its footprint in markets including the United States and Asia, and add gaming titles such as Cash Tornado, Wordscapes and Wordle to its current portfolio of 25 live games, including Woodoku, Nut Sort and Triple Tile.
AppLovin was among the companies submitting a bid for short video app TikTok’s assets outside China, ahead of the deadline of April 5 that U.S. President Donald Trump set for a non-Chinese buyer.
“Seven years ago, we began acquiring gaming studios to help train our earliest machine learning models,” AppLovin CEO Adam Foroughi said in a statement. “However, we have never been a game developer at heart.”
The deal will add 10 gaming studios to Tripledot’s portfolio and increase its presence into 17 more cities across North America, Europe and Asia, the companies said.
(Reporting by Supantha Mukherjee in Stockholm; Editing by Christopher Cushing and Rachna Uppal)