Israeli-founded Tripledot Studios acquires AppLovin’s games portfolio in $800M deal
The mobile game company, founded by Lior Shiff and Eyal Chameides, expands global footprint to 23 cities and 2,500 employees, reaching $2 billion in annual revenue.
Tripledot Studios, a London-based mobile game developer co-founded by Israeli entrepreneurs Lior Shiff and Eyal Chameides, announced Thursday the acquisition of AppLovin’s mobile games studio portfolio for approximately $800 million in a half-cash, half-equity deal.
The transaction will see AppLovin become a minority shareholder in Tripledot, while enabling the Israeli-founded company to expand its presence in key strategic markets including the United States and Asia. Upon completion of the deal, Tripledot will operate 12 studios with more than 2,500 team members across 23 cities globally, and will reach 25 million daily active users and nearly $2 billion in annual gross revenues.
“Acquiring AppLovin’s games portfolio is a big step towards achieving our mission of becoming the world’s most successful mobile game studio,” said Lior Shiff, Tripledot’s Co-Founder and CEO. “It gives us additional scale, diversification and access to the best talent globally.”
Related articles:
Tripledot was founded in 2017 by Shiff, Chameides, and Akin Babayigit, all veterans of the gaming industry. Since its inception, the company has grown rapidly, becoming one of the world’s largest casual game developers with more than 25 live titles, including Woodoku, Solitaire.com, Nut Sort, and Triple Tile.
Tripledot currently has offices in London, Warsaw, Minsk, Barcelona, Jakarta, and Melbourne, but not in Israel. Through the acquisition, it will add 10 more studios in 17 cities across North America, Europe, and Asia.
