This acquisition underscores the maturation of Europe’s gaming ecosystem, following in the footsteps of successful companies like Rovio, King, and Supercell.

Tripledot, a UK mobile game company, is making waves in the industry by acquiring 10 studios from AppLovin for $800 million, marking a significant expansion that positions it among the largest independent mobile game companies globally.

Although Tripledot is not currently pursuing an IPO, the scale achieved through this acquisition could pave the way for potential public offerings in the future.

The acquisition is set to close by early summer 2025, pending regulatory approval, and is expected to propel Tripledot to reach 25 million daily users and nearly $2 billion in annual gross revenues.

Looking ahead, Tripledot plans to continue acquiring more studios without anticipating layoffs, focusing on integrating the new teams to improve performance.

Tripledot's management believes that the low level of debt taken on for the acquisition poses no existential risk, as the company has a diversified revenue stream.

For AppLovin, this sale represents a strategic shift, allowing the company to refocus on its successful ad tech business, which reported a remarkable 71% year-over-year revenue increase in Q1 2025.

This acquisition follows recent layoffs at AppLovin, where 97 employees were let go, raising questions about operational cuts, particularly at its Machine Zone division.

The deal took approximately six months to finalize, driven by AppLovin's desire to unlock the value of its studios, which it no longer needed to own for operational purposes.

AppLovin's CEO, Adam Foroughi, expressed confidence in Tripledot's ability to effectively manage the acquired studios, acknowledging the creativity involved in game development.

Tripledot is actively investing in AI and machine learning to enhance game production and personalize player experiences across its expanded portfolio.

Ultimately, Tripledot aims to foster growth and innovation by developing new games and supporting its studios, rather than solely relying on existing titles.