AppLovin up; report says co in talks to sell gaming unit in $900 mln deal
ReutersMar 5, 2025 10:57 AM
Shares of marketing platform AppLovin APP.O up 2.9% at $336.65 premarket
APP is nearing a $900 mln deal to sell its games unit to mobile games developer Tripledot Studios, Business Insider reports citing four people with knowledge of the matter
Deal is not yet finalized, and plans could still change - report
AppLovin and Tripledot Studios did not immediately respond to Reuters' requests for comment
Last month, two short sellers, Fuzzy Panda Research and Culper Research, disclosed short positions in AppLovin and alleged various concerns about co's business practices
Up to last close, APP's shares had risen more than fivefold over the past 12 months
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