Twitter is selling MoPub to AppLovin for $1.05 billion

Twitter paid around $350 million for MoPub back in 2013 and will sell the company for $1.05 billion in cash.

MoPub helped Twitter bring in around $188 million in revenue last year, according to the company.

“This transaction increases our focus and demonstrates confidence in our revenue product roadmap, accelerating our ability to invest in the core products that position Twitter for long-term growth and best serve the public conversation,” Twitter CEO Jack Dorsey said in a press release.

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