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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250507417818/en/
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)
MINNEAPOLIS (AP) — A federal officer shot a person in the leg in Minneapolis after being attacked with a shovel and broom handle while trying to make an arrest Wednesday, federal officials said.
Smoke filled the street near the site of the shooting as federal officers and protesters squared off. A group of officers wearing gas masks and helmets fired tear gas and grenades into a small crowd while protesters threw snowballs and chanted, “Our streets.”
Such scenes have become common on the streets of Minneapolis since an immigration agent fatally shot Renee Good on Jan. 7. Agents have yanked people from cars and homes and been confronted by angry bystanders who bare demanding that officers pack up and leave.
The Department of Homeland Security said in a statement on the social media platform X that federal law enforcement officers stopped a person from Venezuela who was in the U.S. illegally. The person drove away and crashed into a parked car before taking off on foot, DHS said.
After officers reached the person, two other people arrived from a nearby apartment and all three started attacking the officer, according to DHS.
“Fearing for his life and safety as he was being ambushed by three individuals, the officer fired a defensive shot to defend his life,” DHS said.
The two people who came out of the apartment are in custody, it said.
The shooting took place about 4.5 miles (7.2 kilometers) north of where Good was killed.
Earlier Wednesday, a judge gave the Trump administration time to respond to a request to suspend its immigration crackdown in Minnesota, while the Pentagon looked for military lawyers to join what has become a chaotic law enforcement effort in the state.
“What we need most of all right now is a pause. The temperature needs to be lowered," state Assistant Attorney General Brian Carter said during the first hearing in a lawsuit filed by Minnesota and the cities of Minneapolis and St. Paul.
Local leaders say the government is violating free speech and other constitutional rights with the surge of law enforcement. U.S. District Judge Katherine Menendez promised to keep the case “on the front burner” and gave the U.S. Justice Department until Monday to file a response to a request for a restraining order.
The judge said these are "grave and important matters,” and that there are few legal precedents to apply to some of the key points in the case.
Justice Department attorney Andrew Warden suggested the approach set by Menendez was appropriate.
The judge is also handling a separate lawsuit challenging the tactics used by Immigration and Customs Enforcement and other federal officers when they encounter protesters and observers. A decision could be released this week.
During a televised speech Wednesday evening, Gov. Tim Walz described Minnesota as being in chaos, saying what's happening in the state “defies belief.”
“Let’s be very, very clear, this long ago stopped being a matter of immigration enforcement," he said. "Instead, it’s a campaign of organized brutality against the people of Minnesota by our own federal government.”
Walz added that “accountability” will be coming through the courts.
The Department of Homeland Security says it has made more than 2,000 arrests in the state since early December and is vowing to not back down. The Pentagon is preparing to send military lawyers to Minneapolis to assist.
CNN, citing an email circulating in the military, says Defense Secretary Pete Hegseth is asking the branches to identify 40 lawyers known as judge advocate general officers or JAGs, and 25 of them will serve as special assistant U.S. attorneys in Minneapolis.
Pentagon spokesperson Kingsley Wilson appeared to confirm the CNN report by posting it on X with a comment that the military “is proud to support” the Justice Department.
The Pentagon did not immediately respond to emails from The Associated Press seeking more details.
It’s the latest step by the Trump administration to dispatch military and civilian attorneys to areas where federal immigration operations are taking place. The Pentagon last week sent 20 lawyers to Memphis, U.S. Attorney D. Michael Dunavant said.
Mark Nevitt, an associate professor at Emory University School of Law and a former Navy JAG, said there's concern that the assignments are taking lawyers away from the military justice system.
“There are not many JAGs but there are over one million members of the military, and they all need legal support,” he said.
Jonathan Ross, the Immigration and Customs Enforcement officer who killed Good, suffered internal bleeding to his torso during the encounter, a Homeland Security official told The Associated Press.
The official spoke to AP on condition of anonymity in order to discuss Ross’ medical condition. The official did not provide details about the severity of the injuries, and the agency did not respond to questions about the extent of the bleeding, exactly how he suffered the injury, when it was diagnosed or his medical treatment.
There are many causes of internal bleeding, and they vary in severity from bruising to significant blood loss. Video from the scene showed Ross and other officers walking without obvious difficulty after Good was shot and her Honda Pilot crashed into other vehicles.
She was killed after three ICE officers surrounded her SUV on a snowy street a few blocks from her home.
Bystander video shows one officer ordering Good to open the door and grabbing the handle. As the vehicle begins to move forward, Ross, standing in front, raises his weapon and fires at least three shots at close range. He steps back as the SUV advances and turns.
Homeland Security Secretary Kristi Noem has said Ross was struck by the vehicle and that Good was using her SUV as a weapon — a self-defense claim that has been deeply criticized by Minnesota officials.
Chris Madel, an attorney for Ross, declined to comment on any injuries.
Good’s family, meanwhile, has hired a law firm, Romanucci & Blandin, that represented George Floyd’s family in a $27 million settlement with Minneapolis. Floyd, who was Black, died after a white police officer pinned his neck to the ground in the street in May 2020.
The firm said Good was following orders to move her car when she was shot. It said it would conduct its own investigation and publicly share what it learns.
“They do not want her used as a political pawn,” the firm said, referring to Good and her family, “but rather as an agent of peace for all.”
Waving signs reading “Love Melts ICE” and “DE-ICE MN,” hundreds of teenagers left school in St. Paul and marched in freezing temperatures to the state Capitol for a protest and rally.
The University of Minnesota, meanwhile, informed its 50,000-plus students that there could be online options for some classes when the new term starts next week. President Rebecca Cunningham noted that “violence and protests have come to our doorstep.” The campus sits next to the main Somali neighborhood in Minneapolis.
Associated Press reporters Julie Watson in San Diego, California; Rebecca Santana in Washington, D.C.; Ed White in Detroit; Giovanna Dell’Orto in Minneapolis; Graham Lee Brewer in Oklahoma City, Oklahoma; and Hallie Golden in Seattle contributed.
Federal immigration officers at the scene of a reported shooting Wednesday, Jan. 14, 2026, in Minneapolis. (AP Photo/John Locher)
A woman confronts a federal immigration officer at the scene of a reported shooting Wednesday, Jan. 14, 2026, in Minneapolis. (AP Photo/John Locher)
People react after a firework was set off near the scene of a reported shooting Wednesday, Jan. 14, 2026, in Minneapolis. (AP Photo/Abbie Parr)
Federal immigration officers shoot pepper balls as tear gas is deployed at the scene of a reported shooting Wednesday, Jan. 14, 2026, in Minneapolis. (AP Photo/John Locher)
Law enforcement officers stand amid tear gas at the scene of a reported shooting Wednesday, Jan. 14, 2026, in Minneapolis. (AP Photo/Adam Gray)
Federal immigration officers are seen Wednesday, Jan. 14, 2026, in Minneapolis. (AP Photo/Abbie Parr)
Hundreds of protesters gather in front of the Minnesota State Capitol in response to the death of Renee Good, who was fatally shot by an ICE officer last week, Wednesday, Jan. 14, 2026, in St. Paul, Minn. (AP Photo/John Locher)
Protesters gather in front of the Minnesota State Capitol in response to the death of Renee Good, who was fatally shot by an ICE officer last week, Wednesday, Jan. 14, 2026, in St. Paul, Minn. (AP Photo/John Locher)
Protesters gather in front of the Minnesota State Capitol in response to the death of Renee Good, who was fatally shot by an ICE officer last week, Wednesday, Jan. 14, 2026, in St. Paul, Minn. (AP Photo/John Locher)
Federal officers stand guard after detaining people outside of Bishop Henry Whipple Federal Building, Tuesday, Jan. 13, 2026, in Minneapolis. (AP Photo/Adam Gray)
People visits a makeshift memorial for Renee Good, who was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis. (AP Photo/John Locher)
A person is detained by federal agents near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis. (AP Photo/Adam Gray)
