Latest news with #Tripledot
Yahoo
09-05-2025
- Business
- Yahoo
Tripledot CEO Calls Deal to Buy Applovin 'Transformational'
Mobile game developer Tripledot Studios has bought AppLovin's games portfolio for about $800 million. The deal means London-based Tripledot - the company behind popular games including Woodoku and Solitaire - will take control of another 10 studios across key markets in the US and Asia. Co-founder and CEO of Tripledot Studios, Lior Shiff spoke to Bloomberg's Tom Mackenize on "Daybreak Europe." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
09-05-2025
- Business
- Time of India
Game developer Tripledot acquires AppLovin's mobile gaming portfolio for $800 million
STOCKHOLM: London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin 's 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 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 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.
Business Wire
08-05-2025
- Business
- Business Wire
Tripledot Studios emerges as the newest multi-billion dollar global games powerhouse on the back of acquiring AppLovin's Games Portfolio for $800m
LONDON--(BUSINESS WIRE)-- Tripledot Studios, one of the world's fastest-growing mobile game developers, is today announcing the acquisition of AppLovin's mobile games studio portfolio for approximately $800 million. The half cash, half equity deal will see AppLovin become a minority shareholder in Tripledot Studios while allowing Tripledot to expand its footprint in key strategic markets, including the US and Asia. As a result of this deal and subject to its closing, Tripledot Studios will operate a total of 12 studios with more than 2,500 team members across 23 cities globally. Tripledot will have over 25 million daily active users and annual gross revenues of nearly $2 billion, making it one of the top five independent mobile game studios globally by revenue. Our mission is to become the world's most successful mobile game studio. Acquiring AppLovin's games portfolio is a big step towards achieving that goal - taking us from being a high-performing challenger to a true global leader. Share Founded in London in 2017 by gaming industry veterans Lior Shiff, Akin Babayigit and Eyal Chameides, Tripledot Studios is one of the world's largest casual games developers. Tripledot Studios has developed and operates over 25 live games, including hit titles like Woodoku, Nut Sort and Triple Tile, and has been profitable from its second year of operation. In 2023 Tripledot was named as the fastest growing company in Europe by the Financial Times. 'Creating and operating games is our passion,' said Lior Shiff, Co-Founder and CEO of Tripledot Studios. 'Our mission is to become the world's most successful mobile game studio. Acquiring AppLovin's games portfolio is a big step towards achieving that goal - taking us from being a high-performing challenger to a true global leader. It gives us additional scale, diversification and access to the best talent globally. We're thrilled to welcome these incredible teams to Tripledot.' Tripledot Studios Strategic Rationale: This acquisition brings three key strategic advantages that will set Tripledot Studios apart in the global mobile gaming industry: Game Portfolio Diversification and Shared Expertise: Tripledot is one of the world's fastest growing mobile gaming studios, with no single game generating more than 10% of the total net revenue once this acquisition is complete. Partnering with AppLovin's mobile games studio portfolio makes Tripledot the largest European mobile gaming company with expertise in both in-app purchase and in-app advertising business models. This enables Tripledot to create games for a much larger global audience and leverage best-in-class practices across marketing, product, AI and monetisation Access to a Global Talent Pool: Tripledot's global footprint and expanded capabilities create an opportunity to leverage highly specialised experts across product, tech, marketing and art in a wider range of global geographies and creating better player experiences for tens of millions of people every day Instant Scale: Pending regulatory approval and closing of the deal, this acquisition will make Tripledot Studios one of the largest mobile developers and publishers globally and will supercharge its already comprehensive data science and AI capabilities delivering a better experience for our players Adam Foroughi, Co-founder and CEO of AppLovin, said: 'Seven years ago, we began acquiring gaming studios to help train our earliest machine learning models. However, we've never been a game developer at heart. We have immense respect for the creativity it takes to build games, including from teams in our studios. Today, we're announcing we've finalized a deal to sell all of our Apps business to Tripledot Studios. I have watched Lior build his company from the ground up and I have immense respect for his and the Tripledot team's ability to run a games company. Lior and his team are some of the best operators in the business and give me incredible confidence they are the right partner to help these studios thrive going forward.' Tripledot Studios currently has offices in London, Warsaw, Minsk, Barcelona, Jakarta and Melbourne. They will be acquiring the following 10 studios and popular titles in an additional 17 cities across the North America, Europe and Asia: Lion Studios - makers of Hexa Sort, Wordle! and Found It PeopleFun - makers of Wordscapes, Wordscapes Solitaire and Bricks n Balls Belka Games - makers of Clockmaker and Train of Hope Zenlife Games - makers of Cooking Madness and Word Connect Leyi - makers of West Game and Mecha Fire Magic Tavern - makers of Project Makeover, Matchington Mansion and Modern Community Athena Studio - makers of Woody Block Puzzle and Woody 99 Clipwire Games - makers of The Price is Right Bingo, Bingo Story and Monopoly Bingo Zeroo Gravity - makers of Cash Tornado, Jackpot Masters Slots and Carnival Tycoon Machine Zone - makers of Mobile Strike and Game of War The acquisition is expected to close by early summer 2025, pending regulatory approvals. Raine Group acted as the lead financial advisor, together with BofA Securities, and Latham & Watkins acted as the legal counsel for Tripledot Studios. Aream & Co acted as the financial advisor and Wilson Sonsini Goodrich & Rosati acted as the legal counsel for AppLovin. About Tripledot Studios: Founded in London in 2017 by gaming industry veterans Lior Shiff, Akin Babayigit and Eyal Chameides, Tripledot Studios mission is to be the most successful mobile games studio in history. Our games reach 25 million people around the world every day. In the last 6 years, Tripledot Studios has developed and operates over 25 live games, including hit titles like Woodoku, Nut Sort and Triple Tile. Tripledot operates 12 studios across 23 cities globally, has more than 2,500 team members, makes nearly $2 billion in gross revenue annually and has been profitable from its second year of operations.
Bloomberg
07-05-2025
- Business
- Bloomberg
AppLovin Sales Jump, Sells Mobile-Games Unit to Tripledot
AppLovin Corp. agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business. The Palo Alto, California-based marketing company is receiving $400 million in cash and a 20% stake in Tripledot, according to a filing on Wednesday.
Yahoo
07-05-2025
- Business
- Yahoo
Game, Sett, Funding: a startup building AI agents for game development emerges from stealth with $27M
Games drove the creation of GPU processors back in the 1990s, so it's only fitting that artificial intelligence — the technology that GPUs are used to power nowadays — is making its way into nearly every aspect of video game design. In keeping with that trend, on Wednesday a startup called Sett — which is building AI agents to build and run mobile games — is emerging from stealth with $27 million in funding. The funding was raised in two tranches, the most recent of which was a $15 million Series A, led by Bessemer Venture Partners. Saga VC, Vgames and Akin Babayigit — the founder and former head of the UK-based games unicorn Tripledot, who now heads VC firm Arcadia Gaming Advisors — also invested. Earlier, Sett had raised $12 million in seed funding from F2, Bessemer, and some gaming industry leaders as angel investors. (In a case of uncanny timing, sources tell me that AppLovin, a would-be competitor of Sett's, is today announcing the sale of its gaming assets to Tripledot. That deal, for $800 million — not $900 million as AppLovin previously estimated — is set to be publicly confirmed later today around AppLovin's Q1 earnings. More on that below.) Up to now, Tel Aviv-based Sett has taken the same approach to 'stealth mode' as a lot of other B2B startups. Since being founded in 2022, it's been under the radar, honing product-market fit and nurturing its early customer base. Today, that customer list features Zynga, Scopely, Playtika, SuperPlay, Rovio, Plarium, Candivore and Unity. It announced a website five months ago, but now that it's fully out of stealth, Sett is still not putting its pedal to the marketing metal. It says it has over 100 gaming studios on a waiting list to be onboarded, and so the plan is to use the new funding to hire engineers and AI specialists. As for the product, the focus is on what CEO Amit Carmi — who co-founded the company with CTO Yoni Blumenfeld — believes is one of the biggest pain points in the mobile gaming business: Getting noticed. 'Gaming is one of the most competitive industries in the world,' he told TechCrunch in an interview. 'There are a lot of players, but you actually have more games than people. It's pretty easy to build games, but almost impossible, statistically, to make a game that is successful.' (R-L) SETT's CTO Yoni Blumenfeld and CEO Amit Carmi. Image Credits: Sett Image Credits:Sett Companies spend a lot on user acquisition marketing to improve those chances of success, he continued, but typically it's very expensive to build and place that content. On average, approximately $29 billion is spent to make around $100 billion in revenue, according to research from AppsFlyer.
