AppLovin announced a term sheet in 2025 to sell its mobile gaming business for $900 million in total consideration

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Feb 12, 2025, AppLovin announced that it had entered into a term sheet for the sale of its mobile gaming business to a privately held company, for total consideration of $900 million. The term sheet provided for the total consideration to consist of $400 million in shares of the acquirer's common equity and $500 million in cash, subject to customary purchase price adjustments. The term sheet was non-binding except for a commitment to negotiate definitive agreements in good faith, a bar on AppLovin holding talks with any other party about the sale for a specified period, and customary terms such as fees and expenses, governing law and termination. AppLovin reported the term sheet, and the resignation of its chief marketing officer Katie Jansen effective Mar 14, 2025, in an 8-K, a US company's report of a material event, filed Feb 12, 2025.1^,2^,3^,4^,5^,6