Tripledot Studios, one of the world’s fastest-growing mobile game developers, said it acquired U.S.-based AppLovin’s mobile games studio portfolio for approximately $800 million.
This is a defining milestone in Tripledot’s journey as a company – as they go from being a high-performing challenger to a big global leader in mobile gaming. When the deal closes, Tripledot will have 12 studios globally across 23 cities and more than 2,500 team members serving 25 million daily active users and bringing in annual gross revenues of nearly $2 billion.
This acquisition establishes Tripledot as a top five independent mobile gaming company by revenue globally and reaffirms Europe’s leading role in the mobile gaming space, following in the footsteps of the early successful mobile gaming companies like Rovio, Supercell and King.
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 U.S. and Asia.
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, Solitaire.com, 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, CEO of Tripledot Studios, in a statement. “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’ strategy
Tripledot Studios’ gaming empire.
This acquisition brings three key strategic advantages that will set Tripledot Studios apart in the global mobile gaming industry:
Game Portfolio …