Orient Hontai Capital

AppLovin scraps acquisition and takes debt financing instead

The story of AppLovin‘s acquisition has taken another turn. We first reported that the mobile ad startup was in acquisition talks in August of last year, and the announcement came a month later:

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