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September 26, 2016 05:23 pm GMT
Mobile ad startup AppLovin announced today it has agreed to sell a majority stake of the company to Chinese private equity firm Orient Hontai Capital for $1.4 billion.We first reported that AppLovin was in talks with a Chinese company for a $1.5 billion acquisition back in August. In his blog post announcing the deal, co-founder and CEO Adam Foroughi wrote:While this deal is a tremendous… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nYqWZEiQ_Eo/
AppLovin is selling a majority stake to Orient Hontai Capital for $1.4B
Mobile ad startup AppLovin announced today it has agreed to sell a majority stake of the company to Chinese private equity firm Orient Hontai Capital for $1.4 billion.We first reported that AppLovin was in talks with a Chinese company for a $1.5 billion acquisition back in August. In his blog post announcing the deal, co-founder and CEO Adam Foroughi wrote:While this deal is a tremendous… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/nYqWZEiQ_Eo/
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