M&A - AppLovin Corp

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Acquisition

Type: New

Accession Number: 000175100825000061

Filing Summary: On June 30, 2025, AppLovin Corporation ("AppLovin") entered into an amendment to the Purchase Agreement with Tripledot, modifying the terms of their agreement to include an option for Purchaser Parent to pay a portion of the cash consideration directly in cash rather than through a secured promissory note. The transaction was completed on the same day, with AppLovin transferring equity interests of certain wholly owned subsidiaries involved in its mobile gaming business to the Purchasers. The total consideration for the transfer included $400 million in cash, subject to adjustments, along with equity representing approximately 20% of Purchaser Parent's fully diluted equity capitalization. No promissory note was issued as part of this deal.

Form Type: 8-K

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: New

Accession Number: 000175100825000051

Filing Summary: On May 7, 2025, AppLovin Corporation entered into a Purchase Agreement with Tripledot to transfer equity interests of certain wholly-owned subsidiaries engaged in AppLovin's mobile gaming business. The total consideration for the acquisition includes $400 million, consisting of $150 million in cash at closing and a $250 million secured promissory note which bears interest at 11% per annum. The purchasers will also provide equity consideration representing approximately 20% of their fully diluted equity at closing. The completion of the transaction is subject to various customary closing conditions and is expected in the second quarter of 2025. Both parties' boards unanimously approved the agreement, and shareholder approval was obtained at an extraordinary meeting held on the same date.

Form Type: 8-K

Filing Date: 2025-04-03

Corporate Action: Acquisition

Type: New

Accession Number: 000175100825000028

Filing Summary: On April 3, 2025, AppLovin Corporation confirmed that it has provided an indication of interest to the President of the United States regarding a potential purchase of TikTok in all markets outside of China. This indication is preliminary and does not guarantee that a transaction will take place.

Form Type: 8-K

Filing Date: 2025-02-12

Corporate Action: Acquisition

Type: New

Accession Number: 000175100825000008

Filing Summary: On February 12, 2025, AppLovin Corporation announced it had entered into a term sheet for the sale of its mobile gaming business to a privately held company for a total consideration of $900 million. The deal comprises $400 million in shares of the Acquirer's common equity and $500 million in cash, subject to customary purchase price adjustments. The term sheet indicates that the Acquirer may borrow up to $250 million of the cash portion, with the Company agreeing to provide financing through a promissory note if the Acquirer cannot secure the financing. The term sheet is non-binding, but it includes provisions for the parties to negotiate in good faith to finalize definitive agreements and restricts the Company from negotiating with third parties over the sale for a specified period.