KKR-backed AppLovin, a mobile games company, agreed to acquire Machine Zone, a developer of mobile games, for $500m. “We have been impressed with Machine Zone’s masterful storylines and strong community of engaged players and have seen first hand the depth of their talented team. Machine Zone has amassed an enormous following for their games, and we are excited to bring together our two creative brands and market leading technology platforms to continue to entertain their millions of fans around the world,” Adam Foroughi, AppLovin Chief Executive Officer and Co-Founder.