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AppLovin Corp: control, investors, deals and disputes

AppLovin Corp: participants and roles

Controlling holders, investors, directors, officers, subsidiaries, deal counterparties and parties to proceedings connected with AppLovin, with the period and source status of each role.

published
23 oct 2026
records as of
16 oct 2026
entities
183
sources
118
cite entities.csv
Buyer of all shares under the amended share purchase agreementParent (100%)Parent (100%)Parent of the British subsidiary (listed as Adeven Software Ltd. in the 2020 statements)Owner of 100% (acquired January 28, 2019 for EUR 16.9 million plus contingent consideration)Shareholder (14.0% of Class A before the IPO; 5.6% in the 2025 and 2026 proxy statements)Chargor; JPMorgan Chase Bank, N.A. as secured party (collateral agent under a June 2, 2023 master confirmation; other charges per Culper Research)Counterparty to a master confirmation (described by Culper Research as a share forward)Applied to register 'Angel Pride Holdings Limited' and 'Angel Pride' as trade marks in Hong KongSame floor address in filings (18/F Three Exchange Square, Central)Same floor address in filings (18/F Three Exchange Square, Central)Parent (United States subsidiary)Parent (indirect, through Adjust; Israeli subsidiary)Parent (indirect, through Adjust; German subsidiary)Parent (indirect, through Adjust; England subsidiary)Owner of 100% (agreement of February 2, 2021; acquired April 20, 2021)Parent (Hong Kong subsidiary)Signed BlueFocus as its first certified e-commerce partner in Greater ChinaParent (Cayman Islands subsidiary)Repurchased 153,541 shares for $12.3 millionOwner (acquired November 2019)Published one of its games under a game assignment and revenue-share agreement ($0.7 million paid in 2021, $0.2 million in 2022)Parent (Cayman Islands subsidiary)Parent (Cyprus subsidiary)Repurchased Class A shares from KKR Denali ($335.0 million and $552.8 million in 2023; 10,466,397 shares in March 2024)Appointed eClickTech's Cyberklick brand as its first 'Greater China tier-one' e-commerce agentSeller of the Apps business (Eton Games, a Tripledot subsidiary, as buyer)Repurchased 2,475,000 Class A shares for a $10.0 million promissory note (repaid December 2021)Sole shareholderParent (German subsidiary; a seller in the 2025 Apps sale)Investor ($50 million in Series C preferred, about 4.1%; written off in 2025) and commercial partnerParent (publishing division launched July 2018)Partner studio in 2021; subsidiary in the 2022 listOwner of 100% (acquired September 4, 2018)Repurchased 3,000,000 Class A shares at $60.74 (about $182 million) as a related-party transactionParent (merger vehicle for Machine Zone; a seller in the 2025 Apps sale)Owner of 100% (acquired by merger on May 19, 2020)Class A shares listed on the Nasdaq Global Select Market (ticker APP)Owner of 100% (acquired March 31, 2018)Bought mobile games under asset deals and a three-year service agreement ($240.0 million in 2019; a further game in 2020)Majority owner (95.5% from April 6, 2020; 98.2% from November 2020)Owner (acquired July 2019; sole shareholder in the Israeli register from November 18, 2021); its product continues as Ad ReviewParent (Cyprus subsidiary)Parent according to a business directoryParent (Singapore subsidiary)Seller of the Apps business (buyer named TDS Group Holdings Limited in the June 2025 amendment)Seller of the Apps business (Tripledot Group Holdings Limited as buyer)Shareholder (about 22% of shares, equity method; Tripledot a related party and advertising customer) (+1)Bought the MoPub business for $1.03 billionParent (indirect, through Adjust; Israeli subsidiary)Applicant for a temporary restraining order (declined) and claimant in a JAMS arbitration over data collection (+1)Repurchased 60,968 shares for $4.9 millionRepurchased 300,000 Class A shares for a $1.2 million promissory note (repaid December 2021)Owner of 100% (acquired April 1, 2022)Parent (subsidiary in the 2022 list; registered in California at AppLovin's Palo Alto office)Parent (Cyprus subsidiary)Parent (studio listed as owned or partner studio in 2021)Chief accounting officer and principal accounting officerSole shareholderDirector; lead independent director from February 2021; independent chair from April 2, 2026Chief digital officerNon-executive chairmanChief executive officer and director (since February 2022); earlier chief financial officer and treasurer (from March 2017) and president (2019–2021)DirectorHolder above 5% of Class A (5.4% in the 2025 proxy; 7.0% in an October 2025 filing)Holder of 154,500 Class A shares counted for Margaret GeorgiadisRepresentative of the underwriters of KKR Denali's February 2024 secondary offering of AppLovin sharesDeputy general counsel; chief legal officer from August 1, 2026Director (since August 2018); president and chief financial officer (November 2019 – December 2023); adviser to the CEO in 2024 (+3)Former chair of the boardLimited partnerPresident (signed AppLovin's 2018 Investors' Rights Agreement for KKR Denali)Former chair of the boardMember of the board of directorsDirectorDirectorHead of technology, media and telecom investing; led KKR's investment in AppLovinDirectorFormer chair of the boardDirectorAuthorised signatoryAuthorised signatoryMerged with Flip Shop (Humans, Inc.)Independent registered public accounting firmAuditor of the 2020 consolidated financial statementsShareholder (Series A preferred from 2018, then Class A and Class B shares; Voting Agreement party until 2024) (+1)General partnerBoard member (from October 2021); single-member administrative board (August 2022 – September 2025)Sole shareholder and managing directorHolder of record of 2,000,000 Class A sharesBought shares on the market; held none by March 2020Plaintiff (for the United States) in the same suit; counts 15 (AppLovin) and 16 (Adjust) name the fundPlaintiff (for the United States) in the same suitPlaintiff (for the United States) in the same suit; KKR & Co. GP LLC to pay the proposed $250 million penaltyPlaintiff (for the United States) in a Hart-Scott-Rodino civil-penalty suit; proposed $250 million judgment against KKR & Co. GP LLCVice president and controller (since September 2022); principal accounting officer (since January 2024)Accounting careerSole ownerHolder of 15,691,414 Class A shares (5.1%)Co-founder, chief executive officer and director (board chair March 2021 – April 2, 2026) (+2)Co-founderDirector (per an Israeli register extract in a third-party copy)Co-founderIndirect holder of AppLovin voting shares through KKR DenaliManaging member of the general partnerChief product and engineering officer; chief technology officer from July 1, 2026DirectorPresident and chief executive officerIndependent director (approved by KKR Denali as independent nominee under the Director Nominations Agreement) (+1)Shares voting and dispositive power with her spouse over its AppLovin sharesExecutive vice president and chief marketing officerCEO-PartnerEndurance Partner-in-ResidencePresident, Google AmericasDirectorChief executive officer and directorDirectorOwner of 90%, sold under the January 2020 agreementHolder of 10,408,301 shares (71%)OwnerParent (wholly owned subsidiary in the 2012 report)Parent (wholly owned subsidiary in the 2012 report)Controlling shareholder; sole owner per the 2023 judgmentFounder and chairmanGeneral partnerDirectorChief legal officerVice president for global intellectual propertyChief legal officerGeneral counselManaging directorDirectorManaging director (management board)Managing directorTransferred a warrant over 26,021,583 AppLovin Class A sharesInvestor party ('Hontai') to the 2018 Investors' Rights Agreement; transferred a warrant over AppLovin shares in January 2019Transferred a warrant over 8,794,734 AppLovin Class A sharesShareholder (14.1% of Class A before the IPO; all shares distributed to its limited partners by December 31, 2023)Chief marketing officer (+1)Co-founder and shareholder (11.8% of Class A before the IPO; 4.4% at September 30, 2024)Co-founder (per an online encyclopedia and a short seller)AdviserManaging directorManaging director (former)Private-equity investor in AppLovin through KKR Denali HoldingsRevolving-credit lender ($15.0 million commitment) under the 2018 Credit AgreementJoint lead arranger and joint bookrunner of the 2018 Credit Agreement (+1)Sole general partnerTop of the chain of KKR entities that may be deemed to share beneficial ownership of KKR Denali's AppLovin sharesOwns and controlsCo-founder and shareholder (13.0% of Class A before the IPO; 7.0% in March 2023)Shareholder and sole director, with voting and investment discretion over its AppLovin sharesDescribed as owner or controller of Angel Pride's stake by rich lists and a crypto-news articleBeneficial owner of the Angel Pride shares (per her own filings)Described by rich lists as owner of about 5% of AppLovin through Angel PrideManaging directorIndependent directorDirectorChief marketing officerOperating partnerDirectorDirectorHolder of record of Class A shares (23,167,242 in September 2023; 9,969,535 at December 31, 2024)Chargor of a charge registered by HSBC for a banking facility including margin trading (per Culper Research)Lead plaintiff in the securities class action (No. 4:25-cv-02772, N.D. Cal.)Lead plaintiff suing him as a defendant in the securities class actionLead plaintiff suing him as a defendant in the securities class actionLead plaintiff suing him as a defendant (added in the amended complaint)Lead plaintiff suing him as a defendant in the securities class actionTrustee of The Fenton Trust, controlling 100% of Fenton CapitalIndependent directorDirectorTreasurer and senior vice presidentChief financial officer (from November 2016) and head of business operations (May 2020 – July 2023)Investment partnerVice president of financeDirectorManaging directorManaging director (management board)Lead plaintiff in the securities class action (No. 4:25-cv-02772, N.D. Cal.)Lead plaintiff suing him as a defendant in the securities class actionLead plaintiff suing him as a defendant in the securities class actionLead plaintiff suing him as a defendant (added in the amended complaint)Lead plaintiff suing him as a defendant in the securities class actionDirector (designee of KKR Denali)Director (appointed by KKR, per the plaintiffs as summarised by the court)Managing director in the private equity businessAgreed to buy a majority stake at a $1.42 billion enterprise value; the purchase did not go ahead (+1)Named as 'Hontai GP' in AppLovin's Investors' Rights AgreementDesignated 'Hontai GP' of Applovin Holdings LLC ('Hontai') in the 2018 Investors' Rights AgreementShareholder (6.3%)Sole shareholderShares beneficial ownership of Angel Pride's Class A shares as its sole shareholderManaging director (earlier authorised signatory)Employee (former president of Lion Studios; vice president of global business development, e-commerce) (+1)BrothersPresidentDirectorDirectorDirectorDirectorChief operating officerDirector (+1)Chief executive officerVice president of engineering (from January 2012), chief technology officer (January 2020 – July 1, 2026), then non-executive Distinguished Engineer (+2)Senior software engineerAuthorised signatoryAuthorised signatoryAuthorised signatoryParty to the amended Adjust share purchase agreementChief financial officer (since January 2024); finance roles from February 2020Transaction services director (most recent role)Director (designee of the Series A preferred holders) (+1)DirectorDirector at KKRBeneficial owner of Class A shares through Midterm Success and Discovery Key (8.4% in September 2023; 4.0% at December 31, 2024)Sole shareholder and directorDirector (2020 filing) and sole shareholder (2025 filing)Sole beneficiary of The Fenton Trust, which controls Fenton CapitalFormer chief executive (employment agreement of September 30, 2011) and beneficial owner of 71%Former private-banking client; relationship ended according to a March 2026 press reportSame floor address in filings (18/F Three Exchange Square, Central)Holder of 29%Shareholder (119,700 shares, 0.08%)DirectorOwner of 100%Claimant in the same WAMCA collective actionClaimant in a WAMCA collective action before the Amsterdam District CourtParentParent (Machine Zone described as a Tripledot subsidiary)ParentChief legal officer (from May 2020), chief administrative and legal officer (from July 2025) and corporate secretary; retired August 1, 2026, then consultant (+2)General counsel and corporate secretaryChief legal officer and corporate secretaryHolder above 5% of Class A (5.2% in 2022; 8.2% in an October 2025 filing); no shares reported as of March 13, 2026Holder of 19,337,914 Class A shares (6.29%)Sole shareholderDirector (+1)Co-founder and chief product officerOwnerCo-founder and chief executiveChief operating officer, director and holder of more than 5%Co-founder (per a 2014 press profile)Independent director (audit and nominating and corporate governance committees)Chief operating officerChief executive (2006–2011) and chair (2008–2013)DirectorDirectorFounder; shares voting and dispositive power over its AppLovin shares with his spouseChair of the boardHolder of 147,516 Class A shares counted for Maynard Webb (2026); seed-round investor according to a 2014 press articleDirector (signatory of the 2023 Schedule 13G)Controlling stockholderAuthorised signatoryAuthorised signatoryDirector (signatory of the 2018 Investors' Rights Agreement)Authorised signatoryLifestreet MediaInc.Lifestreet Media Inc.Paul Hanno MüllerPaul Hanno MüllerPricewaterhouseCoopersPricewaterhouseCoopersMatthew StumpfA1 · A2 · A3Matthew StumpfA1: Securities class action filed 2025 (No. 4:25-cv-02772); allegations disputed, motion to dismiss pending · A2: Shareholder derivative suits filed 2025; consolidated and stayed · A3: Second securities class action filed September 2026; no rulingDmitriy DoroshDmitriy DoroshSafeDK Mobile Ltd.SafeDK Mobile Ltd.The Vanguard GroupThe Vanguard GroupLior ShiffLior ShiffLion Studios, LLCLion Studios, LLCCypressSemiconductorCorporationCypress Semiconductor CorporationSocial Hour Inc.Social Hour Inc.Humans, Inc.Humans, Inc.Curated, Inc.Curated, Inc.Morocco, Inc.Morocco, Inc.Redemption Games,Inc.Redemption Games, Inc.Spree EternityGmbHSpree Eternity GmbHGiovanni GeGiovanni GeDeviceAnywhere,Inc.DeviceAnywhere, Inc.Monroe CountyEmployees'Retirement SystemMonroe County Employees' Retirement SystemNorthernCalifornia PipeTrades Trust FundsNorthern California Pipe Trades Trust FundsAdam ForoughiA1 · A2 · A3 · A8Adam ForoughiA1: Securities class action filed 2025 (No. 4:25-cv-02772); allegations disputed, motion to dismiss pending · A2: Shareholder derivative suits filed 2025; consolidated and stayed · A3: Second securities class action filed September 2026; no ruling · A8: Short-seller claims about the CEO's earlier career (2025); undocumentedUnity SoftwareInc.A10Unity Software Inc.A10: Respondent to AppLovin's restraining-order application (declined) and arbitration over data collection (2026)Eton Games, Inc.Eton Games, Inc.Rafael VivasRafael VivasRyan Matthew DeSantoRyan Matthew De SantoEduardo VivasEduardo VivasCookie MonsterCapital, LLCCookie Monster Capital, LLCBright.comBright.comDeloitte & ToucheLLPDeloitte & Touche LLPKKR CorporateLending (CA) LLCKKR Corporate Lending (CA) LLCChristian HenschelChristian HenscheladjustInternationalHolding GmbHadjust International Holding GmbHInternet BrandsInc.Internet Brands Inc.Cathy SunCathy SunVasily ShikinA1Vasily ShikinA1: Securities class action filed 2025 (No. 4:25-cv-02772); allegations disputed, motion to dismiss pendingVictoriaValenzuelaVictoria ValenzuelaMachine Zone, Inc.Machine Zone, Inc.TripledotTripledotGeewa a.s.Geewa a.s.Vendetera Invests.r.o.Vendetera Invest s.r.o.Elena ArutunianElena ArutunianAppLovin CaymanLimitedAppLovin Cayman LimitedBlackRock, Inc.BlackRock, Inc.PeopleFun, Inc.PeopleFun, Inc.Sidewalk Labs, LLCSidewalk Labs, LLCAdjust SoftwareLimitedAdjust Software LimitedUnbotify LtdUnbotify LtdAppLovin ActiveHoldings, LLCAppLovin Active Holdings, LLCOrient HontaiCapital Investment(Chengdu) Co.,Ltd.Orient Hontai Capital Investment (Chengdu) Co., Ltd.KKR CapitalMarkets LLCKKR Capital Markets LLCAppLovinCorporationA1 · A3 · A4 · A5 · A6 · A7AppLovin CorporationA1: Securities class action filed 2025 (No. 4:25-cv-02772); allegations disputed, motion to dismiss pending · A3: Second securities class action filed September 2026; no ruling · A4: Dutch collective privacy action (WAMCA) filed May 2026; pending · A5: California privacy class action (2024) as described by a short seller; course not known · A6: SEC investigation reported by the press (2025-2026); not confirmed by AppLovin, no accusation · A7: Short-seller reports of 2025 alleging ad-tech and disclosure misconduct; disputed by AppLovinKatie JansenKatie JansenTripledot GroupHoldings LimitedTripledot Group Holdings LimitedPorch Group, Inc.Porch Group, Inc.John KrystynakJohn KrystynakAndrew KaramAndrew KaramBofA Securities,Inc.BofA Securities, Inc.Ling TangLing TangSamfinaco LimitedSamfinaco LimitedHarmanInternationalIndustries, Inc.Harman International Industries, Inc.Adeven Israel LtdAdeven Israel LtdAdjust GmbHA4Adjust GmbH: AppLovin subsidiary for mobile measurement and attributionA4: Dutch collective privacy action (WAMCA) filed May 2026; pendingStichting ThePrivacy CollectiveStichting The Privacy CollectiveOptiv Inc.Optiv Inc.WJ CommunicationsIncWJ Communications IncHerald ChenA1Herald ChenA1: Securities class action filed 2025 (No. 4:25-cv-02772); allegations disputed, motion to dismiss pendingKohlberg KravisRoberts & Co. L.P.A9Kohlberg Kravis Roberts & Co. L.P.A9: Justice Department HSR Act suit including AppLovin and Adjust acquisitions (2025); proposed $250 million judgment without admissionBlueFocusIntelligentCommunicationsGroupBlueFocus Intelligent Communications GroupAsha SharmaAsha SharmaCoupang, Inc.Coupang, Inc.Magic Tavern, Inc.Magic Tavern, Inc.Charlie GuCharlie GuAngel PrideHoldings LimitedAngel Pride Holdings Limited: AppLovin shareholder (British Virgin Islands holding company)Help Scout PBCHelp Scout PBCJPMorgan ChaseBank, N.A.JPMorgan Chase Bank, N.A.Egor LukomskyEgor LukomskyMarina KeitelMarina KeitelAppLovin CorporateLimitedAppLovin Corporate LimitedApplovin HoldingsLLCApplovin Holdings LLCGoDaddy, Inc.GoDaddy, Inc.KKR DenaliHoldings L.P.KKR Denali Holdings L.P.Edward OberwagerA11Edward OberwagerA11: Defendant in FanDuel founders' fiduciary-duty suit; claim reinstated on the pleadings in 2024, no liability findingKKR DenaliHoldings GP LLCKKR Denali Holdings GP LLCKKR Americas FundXII L.P.A9KKR Americas Fund XII L.P.A9: Justice Department HSR Act suit including AppLovin and Adjust acquisitions (2025); proposed $250 million judgment without admissionMaplebear Inc.Maplebear Inc.The Home Depot,Inc.The Home Depot, Inc.Prominence TrustLimitedProminence Trust LimitedAP InvestmentCapital CompanyLimitedAP Investment Capital Company LimitedCHENG Hong WaiCHENG Hong WaiAlyssa HarveyDawsonAlyssa Harvey DawsonAndrey KazakovAndrey KazakovDeloitte GmbHDeloitte GmbHXuanhui LiuXuanhui LiuAL Gaming GmbHAL Gaming GmbHEastman KodakCompanyEastman Kodak CompanyMidterm SuccessLimitedMidterm Success LimitedAppLovin CyprusLimitedAppLovin Cyprus LimitedKKR & Co. GP LLCA9KKR & Co. GP LLCA9: Justice Department HSR Act suit including AppLovin and Adjust acquisitions (2025); proposed $250 million judgment without admissionU.S. Department ofJustice, AntitrustDivisionU.S. Department of Justice, Antitrust DivisionKKR & Co. Inc.A9KKR & Co. Inc.A9: Justice Department HSR Act suit including AppLovin and Adjust acquisitions (2025); proposed $250 million judgment without admissionBlue SagePartners, LLCBlue Sage Partners, LLCSouth Park CommonsSouth Park CommonsJ.P. MorganSecurities plcJ.P. Morgan Securities plcGusto, Inc.Gusto, Inc.HubSpotHubSpotphm equity GmbHphm equity GmbHHontai App FundLimitedPartnershipHontai App Fund Limited PartnershipAppLovin(Singapore) Pte.Ltd.AppLovin (Singapore) Pte. Ltd.AppLovin GmbHAppLovin GmbHEasy ClickWorldwide NetworkTechnology Co.,Ltd.Easy Click Worldwide Network Technology Co., Ltd.Kevin ShumKevin ShumDiscovery KeyInvestmentsLimitedDiscovery Key Investments LimitedThe Stars GroupInc.The Stars Group Inc.Twitter, Inc.Twitter, Inc.Todd MorgenfeldTodd MorgenfeldAxon Enterprise,Inc.Axon Enterprise, Inc.Pinterest, Inc.Pinterest, Inc.Hewlett-PackardCompanyHewlett-Packard CompanyVacasa, Inc.Vacasa, Inc.Roblox Corp.Roblox Corp.NasdaqNasdaqYuntao MaYuntao MaGoldenway GlobalInvestments (UK)LimitedA14 · A15Goldenway Global Investments (UK) LimitedA14: FCA partly refused approval of a proposed compliance officer (2017) · A15: Employment tribunal found unfair dismissal of its compliance director after FCA disclosures (2023)Goldenway, Inc.Goldenway, Inc.HSBCHSBCAsian CreativeCapital LimitedAsian Creative Capital LimitedHao TangA12 · A13Hao Tang: Holder of AppLovin shares through British Virgin Islands companiesA12: Chinese extradition request refused by the Aix-en-Provence Court of Appeal (January 2025) · A13: Short-seller and press allegations (2025-2026); CapitalWatch retracted its statements about himJPMorgan Chase &Co.JPMorgan Chase & Co.Uptrend TradeLimitedUptrend Trade LimitedSilver LakePartnersSilver Lake PartnersJones Group IncJones Group IncGoogleGoogleGeneral CatalystGeneral CatalystXO Group Inc.XO Group Inc.Barbara MessingBarbara MessingGoldenwayInvestments (HK)LimitedGoldenway Investments (HK) LimitedHontai CapitalCayman Inc.Hontai Capital Cayman Inc.Goldenway PreciousMetals LimitedGoldenway Precious Metals LimitedGoldenwayInvestmentsHoldings LimitedGoldenway Investments Holdings LimitedTDS Group HoldingsLimitedTDS Group Holdings LimitedAppLovin(Singapore)Technologies IPte. Ltd.AppLovin (Singapore) Technologies I Pte. Ltd.Fenton CapitalInc.Fenton Capital Inc.Shenzhen GatewayTechnology Co.Ltd.Shenzhen Gateway Technology Co. Ltd.Webb InvestmentNetwork LLCWebb Investment Network LLCUrban Outfitters,Inc.Urban Outfitters, Inc.MargaretGeorgiadisMargaret GeorgiadisAncestry.com LLCAncestry.com LLCAmyris, Inc.Amyris, Inc.Mattel, Inc.Mattel, Inc.Overstock.com,Inc.Overstock.com, Inc.Dominik RoßDominik RoßYunjoy CapitalCayman Inc.Yunjoy Capital Cayman Inc.WURL, LLCWURL, LLCMAX AdvertisingSystems, Inc.MAX Advertising Systems, Inc.FMR LLCFMR LLCEpicor SoftwareCorporationEpicor Software CorporationMontclair Trustees(Hong Kong)LimitedMontclair Trustees (Hong Kong) LimitedSalesforce, Inc.Salesforce, Inc.Maynard WebbMaynard WebbYahoo! Inc.Yahoo! Inc.FlagshipPioneering Inc.Flagship Pioneering Inc.Craig BillingsCraig BillingsNYX Gaming GroupLtd.NYX Gaming Group Ltd.McDonald’sCorporationMcDonald’s CorporationStripes, LLCStripes, LLCCorina CacoveanCorina CacoveanAL HK LtdAL HK LtdZenLife Games Pte.Ltd.ZenLife Games Pte. Ltd.Wurl, Inc.Wurl, Inc.BMC Software, Inc.BMC Software, Inc.Clipwire GamesInc.Clipwire Games Inc.FanDuel Ltd.FanDuel Ltd.Liveops, Inc.Liveops, Inc.eBay, Inc.eBay, Inc.Visa Inc.Visa Inc.Discover FinancialServicesDiscover Financial ServicesWynn Resorts,LimitedWynn Resorts, LimitedAristocrat LeisureLimitedAristocrat Leisure LimitedWynn Macau,LimitedWynn Macau, LimitedAppLovin(Singapore)Technologies IIPte. Ltd.AppLovin (Singapore) Technologies II Pte. Ltd.ZenLife GamesLimitedZenLife Games LimitedRecodedRecodedVanguard CapitalManagementVanguard Capital Management

Solid line: documented. Amber dashed: reported. Grey dotted: hypothesis. One arrow: the relationship as stated; two arrows: reciprocal; no arrow: symmetric. A path between two parties does not transfer an allegation from one to the other.

every party and relationship in full, as text ↓

Information markers
  • A1 · Securities class action filed 2025 (No. 4:25-cv-02772); allegations disputed, motion to dismiss pending — Matthew Stumpf
  • A3 · Second securities class action filed September 2026; no ruling — Matthew Stumpf
  • A4 · Dutch collective privacy action (WAMCA) filed May 2026; pending — Adjust GmbH
  • A5 · California privacy class action (2024) as described by a short seller; course not known — AppLovin Corporation
  • A6 · SEC investigation reported by the press (2025-2026); not confirmed by AppLovin, no accusation — AppLovin Corporation
  • A7 · Short-seller reports of 2025 alleging ad-tech and disclosure misconduct; disputed by AppLovin — AppLovin Corporation
  • A10 · Respondent to AppLovin's restraining-order application (declined) and arbitration over data collection (2026) — Unity Software Inc.
  • A2 · Shareholder derivative suits filed 2025; consolidated and stayed — Matthew Stumpf
  • A8 · Short-seller claims about the CEO's earlier career (2025); undocumented — Adam Foroughi
  • A9 · Justice Department HSR Act suit including AppLovin and Adjust acquisitions (2025); proposed $250 million judgment without admission — Kohlberg Kravis Roberts & Co. L.P.
  • A12 · Chinese extradition request refused by the Aix-en-Provence Court of Appeal (January 2025) — Hao Tang
  • A13 · Short-seller and press allegations (2025-2026); CapitalWatch retracted its statements about him — Hao Tang
  • A14 · FCA partly refused approval of a proposed compliance officer (2017) — Goldenway Global Investments (UK) Limited
  • A15 · Employment tribunal found unfair dismissal of its compliance director after FCA disclosures (2023) — Goldenway Global Investments (UK) Limited
  • A11 · Defendant in FanDuel founders' fiduciary-duty suit; claim reinstated on the pleadings in 2024, no liability finding — Edward Oberwager

Markers apply only to the named participant. They do not transfer allegations to connected parties.

Participants 183

Subject

Leadership

Group companies

Counterparties

Historical

Other

Relationship register 277

chronology

  1. AppLovin agrees to sell a majority stake to Orient Hontai Capital c-hon-2016-agreement
  2. Orient Hontai purchase abandoned; $841 million of debt financing instead c-hon-2017-financing
  3. KKR Denali buys Series A preferred stock for about $400 million c-kkr-series-a-2018
  4. Warrant transferred to Angel Pride Holdings and Hontai App Fund c-hon-warrant-2019
  5. AppLovin acquires Machine Zone c-deal-machine-zone
  6. Initial public offering on the Nasdaq Global Select Market at $80 a share c-id-listing
  7. AppLovin acquires Adjust GmbH c-deal-adjust
  8. AppLovin buys Twitter's MoPub business for $1.03 billion c-deal-mopub
  9. AppLovin buys Wurl, Inc. c-deal-wurl
  10. Non-binding proposal to combine with Unity Software, later withdrawn c-deal-unity-2022
  11. Hao Tang reports 8.4% of Class A through Midterm Success c-ht-2023-holding
  12. AppLovin agrees to repurchase 3,000,000 shares from Midterm Success c-ht-repurchase-2024
  13. Prominence Trust reported as sole shareholder of Angel Pride c-ap-2024-transfer
  14. Justice Department sues KKR entities over premerger filings, including AppLovin and Adjust c-kkr-hsr-applovin
  15. Fuzzy Panda Research and Culper Research publish short reports c-sh-reports
  16. Securities class action No. 4:25-cv-02772 filed in the Northern District of California c-lg-securities-docket
  17. Muddy Waters Research publishes its short report c-sh-muddy-waters
  18. Culper Research's second report alleges undisclosed control by Hao Tang c-ap-culper-control
  19. Sale of the Apps business to Tripledot closes c-deal-apps-sale
  20. Press reports an SEC investigation of AppLovin c-sec-probe
  21. CapitalWatch apologises and retracts its statements about Hao Tang c-ht-capitalwatch
  22. Craig Billings becomes independent chair in place of Adam Foroughi c-bd-transitions-2026
  23. The Privacy Collective serves a collective-action summons on AppLovin and Adjust c-lg-tpc-filing
  24. Proposed final judgment: $250 million civil penalty against KKR & Co. GP LLC c-kkr-hsr-applovin
  25. Second securities class action filed (No. 3:26-cv-10584) c-lg-second-class-action

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DossierTwist, “AppLovin Corp: control, investors, deals and disputes”, dt.026, 23 October 2026, https://dossiertwist.com/dossiers/applovin-corp/

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