South Korea-listed DoubleU Games has increased its offer to acquire the remaining shares of DoubleDown Interactive, proposing $16.25 in cash for each American depositary share. DoubleU already owns approximately 67.05% of the company. The revised offer values the remaining 32.95% stake at up to $265.36 million.
The price is 44.4% above DoubleU’s April proposal of $11.25 per ADS. The transaction requires customary conditions, including a minimum ownership threshold and support from unaffiliated shareholders. DoubleU has arranged access to a KRW300 billion bridge loan facility to help fund the acquisition.
Why the deal matters
DoubleDown operates the DoubleDown Casino social-casino brand and owns SuprNation, which runs real-money iGaming sites in Western Europe. Full ownership would consolidate control of both social casino and real-money online gaming assets. Completion is not guaranteed; the tender offer and remaining-share acquisition remain subject to the stated conditions.