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AppLovin bits merger and takes debt financing instead

The story of AppLovin‘s merger has taken another turn.

We first reported that a mobile ad startup was in merger talks in Aug of final year, and a proclamation came a month later: AppLovin would sell a infancy stake Chinese private equity organisation Orient Hontai Capital.

Today, however, CEO Adam Foroughi revealed that a understanding is (sort of) off. Instead of an undisguised acquisition, a organisation will yield AppLovin with $841 million in debt financing — that’s on tip of a 9.98 percent interest that Orient Hontai already acquired in January, interjection to a $140 million equity investment.

“This debt financing allows us to say full control of a business while accessing additional collateral to assistance financial a continued tellurian growth,” Foroughi wrote. “Our idea stays enabling developers of all sizes to grow their businesses.”

Reuters reports that a U.S. supervision against a deal. Apparently this is partial of a incomparable trend, with the Committee on Foreign Investment in a United States apropos some-more demure to approve Chinese deals given a coronation of Donald Trump.

Featured Image: Applovin

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