DoubleU offers $184M to acquire remaining DoubleDown Interactive stake
DoubleU Games is set to acquire the remaining publicly held ADSs of DoubleDown Interactive (DDI) for $184M in cash, offering $11.25 per ADS. This transaction targets the ~32.95% of DDI's shares not already owned by DoubleU, which currently holds ~67.1%. If successful, DDI will become a wholly owned subsidiary and will be de-listed from Nasdaq. Following the announcement, DDI's stock price rose approximately 12% in pre-market trading on Tuesday.
