What you need to know
- Twitter has announced the completion of the sale of the MoPub platform to AppLovin.
- The sale has been completed for $1.05 billion in cash.
- The AppLovin buyout was first announced in October of 2021.
Twitter has confirmed that it has now completed the sale of its mobile ad platform to mobile game and marketing software company AppLovin. MoPub has changed hands for a massive $1.05 billion in cold, hard cash according to a TechCrunch report.
The MoPub sale was first announced back in October but it's taken a few months to get the process completed and now everything is done and dusted.
Twitter announced the sale's completion via press release and went on to say that the current MoPub platform will be closed as of March 31, 2022.
The sale comes amid ongoing changes to the ad industry, thanks in part to changes to Apple's platforms that prevent developers and companies from tracking users without their express permission. Twitter itself is also rolling out new features that it hopes will earn it money beyond ad revenue, with Twitter Blue and other tools like Super Follows changing the way the platform functions for both users and creators.
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Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.