STOCKHOLM, May 8 (Reuters) - London-based mobile game
developer Tripledot Studios has agreed to buy marketing platform
AppLovin's ( APP ) 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 ( APP ) 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 ( APP ) 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.