Tripledot Studios acquired the Applovin game portfolio for $ 800 million.
The agreement means that Tripledot will acquire 10 studios, helping him to “considerably extend his operations” on key markets like the United States and Asia.
The agreement is half in cash and clean half-space, Applovin becoming a minority shareholder of Tripledot Studios. Tripledot expects the agreement to end in the summer of 2025, pending approval of the regulator.
Tripledot games will reach 25 million users per day after the acquisition. The company plans to reach the annual gross income of nearly $ 2 billion.
Applovin announced its intention to unload its game operation in February.
Athena, Belka, Clipwire, Lion Stadios, Machine Zone, Mack Tavern, Peopsfun, Zen Lion, Mack Zone, Magic Tavern, Peoplefun, Zen Life and Zero Gravity.
In April, following a series of 97 layoffs in Applovin, a former employee respondent This “most of the machine area has been closed”.
“Our mission is to become the most successful mobile game studio in the world,” said Tripledot's co-founder and CEO, Lior Shiff. “The acquisition of the Applovin game portfolio is a big step towards achieving this objective – to make us pass a very efficient challenger to a real world leader. It gives us an additional scale, diversification and access to the best talents in the world. We are delighted to welcome these incredible teams in Tripledot.”
Adam Foroughi from Applovin said that the company had “never been a game developer” in a statement announcing the agreement. “Lior and his team are among the best operators in the company and give me incredible confidence that they are the right partner to help these studios prosper in the future.”
Diversification is a key strength of acquisition, according to Tripledot: no game in its portfolio will more than 10% of its income after the acquisition.
