M&A - AppLovin Corp

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.

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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.

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