AppLovin Corp. agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business. The Palo Alto, California-based marketing company is receiving $400 million in cash and a 20% stake in Tripledot,

Tripledot Studios has acquired AppLovin's games portfolio for $800 million. The deal means Tripledot will acquire 10 studios, helping it to 'significantly expand its operations' in key markets like the US and Asia.