Applovin Corp (APP) Divests Gaming Subsidiaries in $400M Tripledot Deal

AppLovin Corporation (NASDAQ:APP) is one of the best AI stocks to buy, according to billionaire Stanley Druckenmiller. On July 1, AppLovin Corporation announced the successful sale of its mobile gaming subsidiaries to Tripledot Group Holdings and its affiliates, with the deal officially closing on June 30, 2025.

The sale included $400 million in cash—paid directly after a last-minute agreement change—as well as Tripledot shares representing around 20% of its fully diluted equity. AppLovin subsidiaries Morocco, Inc. and AppLovin GmbH were part of the transaction, with Tripledot, Eton Games, and Tripledot Group Holdings listed as purchasers. The deal reinforces AppLovin’s strategic shift, as the company, headquartered in Palo Alto and listed on Nasdaq under APP, continues to focus on its core software business.

AppLovin Corporation (NASDAQ:APP) is a technology company that develops software to help businesses connect with their ideal customers and grow their audience. It provides solutions for mobile app marketing, monetization, and analytics. It also leverages AI to power its advertising and app monetization platform.

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Disclosure: None. This article is originally published at Insider Monkey.