Project Makeover

Games That Made Us

The recent induction of four titles into the World Video Game Hall of Fame—Williams Electronics’ Defender, Rare’s GoldenEye 007, id Software’s Quake, and Bandai’s Tamagotchi—highlights the industry’s ongoing effort to codify historical significance through metrics of icon status, longevity, geographical reach, and influence.

• Triple Dot has acquired AppLovin’s mobile gaming portfolio for $800 million, a deal encompassing 10 global studios and 2,500 employees across 23 cities.
• The acquisition is valued at a low multiple of 0.6 times revenue and 3.5 times EBITDA, reflecting a high-risk strategy for the buyer.
• AppLovin is divesting these assets to prioritize its high-growth advertising business, while Triple Dot faces the operational challenge of managing live-service games and in-app purchases without prior experience in those areas.