TGS Baltic advised on the sale of Apalon business to Mindspark Interactive Network

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TGS Baltic advised Apalon, a worldwide leading mobile applications development company that creates apps for the Apple App Store, Google Play and Amazon Appstore, in relation with the sale of business to Mindspark Interactive Network, an operating business of IAC (NASDAQ: IACI). Terms of the deal were not disclosed.

As a leading provider of mobile applications to the Apple App Store, Google Play and the Amazon Appstore, Apalon reaches 20 million monthly active users. Its applications, many of which rank in the Apple App Store Top 5 in categories such as lifestyle and weather, have been downloaded more than 100 million times in the last year.

TGS Baltic partner Gediminas Lisauskas has assisted the client in organising and coordinating the legal side of the overall sales process and advised on the transaction documentation. Gediminas Lisauskas is M&A partner and the head of Technology & Communications group.

About Mindspark Interactive Network

Mindspark is a leading consumer software business and home to some of the web’s most popular and engaging digital applications. The company’s product portfolio reaches nearly 100 million users a month across categories such as lifestyle, entertainment and utilities. Mindspark has other offices located in Los Angeles, CA; Oakland, CA; New York, NY; Bellevue, WA; D'Iberville, MS and Minsk, Belarus.

About Apalon

Operated by Mindspark Interactive Network, Apalon is a leading mobile development company with one of the largest and most popular app portfolios in the world, reaching more than 20 million monthly active users. A unique blend of passion and skills are at the core of the company’s DNA, driving the team to produce top-rated, award-winning mobile experiences for millions of people around the world. Apalon's portfolio includes well-known titles such as Weather Live, My Alarm Clock, Calculator Pro and a number of others ranked on the App Store. Learn more at www.apalon.com.