Orient Hontai Capital To Acquire AppLovin For $1.42B

mobile-appChinese private equity firm Orient Hontai Capital has agreed to acquire a majority stake of San Francisco-based advertising technology start-up AppLovin for US$1.42 billion. "We started the business five years ago, back before Facebook had even launched mobile advertising, because there were no good ways for app developers to promote themselves," says Adam Foroughi, AppLovin’s […]

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