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 was in talks with a Chinese company for a $1.5 billion acquisition back in August. In his blog post announcing the deal, co-founder and CEO Adam Foroughi wrote: While this deal is a tremendous… Read More