LONDON--(BUSINESS WIRE)--May 8, 2025--
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.
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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, 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:
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:
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, Solitaire.com, 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.
Tripledot Leadership Team L- R: Zohar Rozenberg (COO), Alex Kazeko (CTO), Eyal Chameides (Co-Founder & Chief Product Officer), Daniel Freireich (Chief Games Officer), Lior Shiff (Co-founder & CEO), Mark Beck (CMO), Di Maxfield-Twine (Chief People Officer) and Sam Hillard (CFO)
Tripledot Studios Co-founders Eyal Chameides (Chief Product Officer) and Lior Shiff (CEO)
NEW YORK (AP) — Less than 24 hours after throngs of ecstatic supporters poured into Manhattan for his history-making inauguration, Zohran Mamdani began his first full day of work with a routine familiar to many New Yorkers: trudging to the subway from a cramped apartment.
Bundled against the frigid temperature and seemingly fighting off a cold, he set out Friday morning from the one-bedroom apartment in Queens that he shares with his wife. But unlike most commuters, Mamdani's trip was documented by a photo and video crew, and periodically interrupted by neighbors wishing him luck.
The 34-year-old democratic socialist, whose victory was hailed as a watershed moment for the progressive movement, has now begun the task of running the nation’s largest city: signing orders, announcing appointments, facing questions from the press — and answering for some of the actions he took in his first hours.
But first, the symbolism-laden day one commute.
Flanked by security guards and a small clutch of aides on a Manhattan-bound train, he agreed to several selfies with wide-eyed riders, then moved to a corner seat of the train to review his briefing materials.
When a pair of French tourists, confused by the hubbub, approached Mamdani, he introduced himself as “the new mayor of New York.” They seemed doubtful. He held up the morning’s copy of the New York Daily News, featuring his smiling face, as proof.
Mamdani, a Democrat, is hardly alone among city mayors in using the transit system to communicate relatability. His predecessor, Eric Adams, also rode the subway on his first day, and both Bill de Blasio and Michael Bloomberg made a habit out of it, particularly when seeking to make a political point.
Within minutes of Mamdani entering City Hall, the images of him riding public transit had lit up social media.
If the ride served as a well-timed photo-op, it also seemed to reflect Mamdani's pledge, made in his inaugural speech, to ensure his “government looks and lives like the people it represents.”
His other early actions have also seemed to underscore that priority.
After centering much of his campaign on making rent cheaper for New Yorkers, Mamdani raced from his inauguration ceremony Thursday to a Brooklyn apartment building lobby, drawing boisterous cheers from the tenants union as he pledged that the city would ramp up an ongoing legal fight against the allegedly negligent landlord.
Mamdani’s next action, meanwhile, showed the unusual scrutiny faced by his nascent administration, particularly around his criticism of Israel and outspoken support for the Palestinian cause.
In an effort to give his government a “clean slate,” he revoked a slate of executive orders issued by Adams late in his term, including two related to Israel: one that officially adopted a contentious definition of antisemitism that includes certain criticism of Israel, and another barring city agencies and employees from boycotting or divesting from the country.
The move drew swift backlash from some Jewish groups, including allegations from the Israeli government posted to social media that Mamdani had poured “antisemitic gasoline on an open fire.”
When a journalist on Friday asked about the revoked orders, Mamdani read from prepared remarks, promising his administration would be “relentless in its effort to combat hate and division.” He noted that he had left in place the Mayor’s Office to Combat Antisemitism.
Mamdani also announced the creation of a “mass engagement” office, which he said would continue the work his campaign’s field operation did to bring more New Yorkers into the political fold.
Ringed by supporters and passersby who stood several rows deep, phones in the air, to catch a glimpse of the new mayor, Mamdani then acknowledged the weight of the current moment.
“We have an opportunity where New Yorkers are allowing themselves to believe in the possibility of city government once again,” he said. “That is not a belief that will sustain itself in the absence of action.”
Also on Mamdani’s to-do list: Moving to the mayor’s official residence, a stately mansion in the Upper East Side neighborhood of Manhattan, before the lease on his Queens apartment ends later this month.
Associated Press writer Jennifer Peltz contributed to this report.
New York City Mayor Zohran Mamdani attends a press conference in the Brooklyn borough of New York, Friday, Jan. 2, 2026. (AP Photo/Eduardo Munoz Alvarez)
New York City Mayor Zohran Mamdani reads a newspaper on the subway on his way to City Hall in New York, Friday, Jan. 2, 2026. (AP Photo/Eduardo Munoz Alvarez)
New York City Mayor Zohran Mamdani arrives at the City Hall subway station in New York, Friday, Jan. 2, 2026. (AP Photo/Eduardo Munoz Alvarez)
New York City Mayor Zohran Mamdani greets passengers on a subway to City Hall in New York, Friday, Jan. 2, 2026. (AP Photo/Eduardo Munoz Alvarez)
New York City Mayor Zohran Mamdani checks his agenda on the subway on his way to City Hall in New York, Friday, Jan. 2, 2026. (AP Photo/Eduardo Munoz Alvarez)
