Tripledot buys AppLovin's mobile games portfolio for $800 million

Reuters

05-08

Tripledot buys AppLovin's mobile games portfolio for $800 million

STOCKHOLM, May 8 (Reuters) - Mobile game developer Tripledot Studios said on Thursday it has agreed to buy marketing platform AppLovin's APP.O mobile games studio portfolio for about $800 million in cash and stock.

The deal would allow Tripledot to expand its footprint in markets including the U.S. and Asia.

(Reporting by Supantha Mukherjee in Stockholm; Editing by Christopher Cushing)

((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))

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