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AppLovin is selling all of its studios for $900m – but who’s the buyer?

AppLovin is selling off its portfolio of ten game studios for $900m as it shifts to become a pure adtech firm. That means Machine Zone, PeopleFun, Magic Tavern, Lion Studios, Belka, Athena, Clipwire, Leyi, Zenlife and Zero Gravity are all about to have a new owner. But AppLovin did not provide any further details on who the buyer is. CEO and cofounder Adam Foroughi announced the move during its Q4 earnings call, following another monster set of financial results. CFO Matt Stumpf said AppLovin ha...

Read more at mobilegamer.biz

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