Report: Tripledot to acquire AppLovin’s gaming division in $900 million deal

London-based developer Tripledot Studios is poised to acquire AppLovin’s games division for a reported $900 million, according to Business Insider. The deal could mark a transformative moment for Tripledot, a company that has quickly become a notable player in the mobile gaming world. Insiders suggest that the acquisition is expected to close within the current quarter, with AppLovin confirming that a term sheet has already been signed.

The acquisition would consist of $500 million in cash and $400 million in equity in the acquiring company. Additionally, sources have revealed that Tripledot may look to borrow up to $250 million in cash to complete the purchase, with AppLovin willing to provide financing if necessary, through the issuance of a promissory note. This large-scale acquisition would significantly expand Tripledot’s business, cementing its place as a major player in the global mobile gaming market.

Founded in London, Tripledot has already achieved considerable success with popular titles. In 2022, the company raised $116 million in a Series B funding round, bringing its valuation to an impressive $1.6 billion. By acquiring AppLovin’s games division, Tripledot would inherit an extensive portfolio, which includes collaborations with prominent partner studios such as Lion Studios, Machine Zone, Magic Tavern, and PeopleFun. This acquisition not only broadens Tripledot’s range of games but also significantly enhances its operational scale, marking a new era of growth and opportunity for the London-based company.