Tripledot Studios emerges as the newest multi-billion dollar global games powerhouse on the back of acquiring AppLovin’s Games Portfolio for $800m

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)

LOS ANGELES (AP) — Chizzy Iwai played her first seven holes in 7 under, capped by an eagle on the par-5 16th, and shot a 9-under 63 on Thursday to take a two-stroke lead in the JM Eagle LA Championship.

The tournament at El Caballero Country Club — the tree-lined layout subbing for Wilshire Country Club for the second straight year because of course renovations — is the final event before the major Chevron Championship next week in Houston.

Former UCLA player Patty Tavatanakit was tied for second at 65 with Sei Young Kim and Suvichaya Vinijchaitham.

Iwai opened her morning round with a par on No. 10, then birdied the next five and eagled the 16th.

“Good tee time in morning, so very peaceful and I feel comfortable,” the 23-year-old Japanese player said “I had a feeling so relaxing. I had a good feeling.”

On her second nine, she added birdies on Nos. 1 and 5. She matched the lowest score in the two years at El Caballero.

“A little bit thinking 58 or 59,” she said. “But golf is not easy.”

Iwai won the Mexico Riviera Maya Open last year for her first LPGA Tour victory. Twin sister Akie Iwai was second a year ago at El Caballero and won the Portland Classic last summer for her first LPGA title. Akie Iwai shot 70 on Thursday, playing in the group ahead of her sister.

Tavatanakit had eight birdies and a bogey in the morning session.

“My ball-striking felt really good,” Tavatanakit said. “Just a solid day. Made a lot of putts.”

Lauren Coughlin, the winner two weeks ago at Shadow Creek outside Las Vegas, topped the group at 66.

Hannah Green, the 2023 and 2024 winner at Wilshire, shot 67.

“I just feel very comfortable when I’m back here in LA,” Green said. “Doesn’t really matter if it’s Wilshire.”

The Australian has three worldwide wins this year — the HSBC Women’s World Championship on the LPGA Tour along with the Women’s Australian Open and Australian WPGA.

Hyo Joo Kim was at 68 along with former UCLA star Lilia Vu. Kim leads the tour with two victories, winning in consecutive weeks in the Bay Area and Arizona.

Canadian amateur Aphrodite Deng also shot 68. Fellow amateur Asterisk Talley had an early double bogey in a 70 in the 17-year-old's first start since losing the lead on the back nine at the Augusta National Women’s Amateur.

Defending champion Ingrid Lindblad shot 69. Former UCLA player Alison Lee also shot 69 in her first event following maternity leave in 2025.

Former University of Southern California player Lizette Salas had a 72. She's playing for the first time since 2024 after recovering from a back injury.

AP golf: https://apnews.com/hub/golf

Brooke Henderson hits from the fourteenth tee during the first round of the LPGA's JM Eagle LA Championship golf tournament at El Caballero Country Club Thursday, April 16, 2026, in Los Angeles. (AP Photo/Jessie Alcheh)

Hyo Joo Kim hits from the fourth tee during the first round of the LPGA's JM Eagle LA Championship golf tournament at El Caballero Country Club, Thursday, April 16, 2026, in Los Angeles. (AP Photo/Jessie Alcheh)

Lauren Coughlin hits from the seventh tee during the first round of the LPGA's JM Eagle LA Championship golf tournament at El Caballero Country Club, Thursday, April 16, 2026, in Los Angeles. (AP Photo/Jessie Alcheh)

Hannah Green hits from the fourteenth tee during the first round of the LPGA's JM Eagle LA Championship golf tournament at El Caballero Country Club Thursday, April 16, 2026, in Los Angeles. (AP Photo/Jessie Alcheh)