AcquisitionsApr 29, 2026, 07:02 AM
DDI receives $11.25/ADS take-private offer from controlling shareholder DUG
AI Summary
DoubleDown Interactive Co., Ltd. (DDI) confirmed receipt of a non-binding offer from its controlling shareholder, DoubleU Games Co., Ltd. (DUG), to acquire all outstanding common shares not held by DUG. The proposal is for $11.25 per ADS in cash. In response, DDI's Board of Directors formed a special committee of independent directors to review and negotiate the offer, which is expected to retain independent legal and financial advisors. No decision has been made, and there is no assurance that any transaction will be approved or consummated.
Key Highlights
- DoubleU Games (DUG) offered to acquire all outstanding DDI common shares not held by DUG.
- The non-binding proposal is for $11.25 per American Depositary Share (ADS) in cash.
- DUG is the controlling shareholder, holding approximately 67.1% of DDI's common shares.
- DDI's Board formed a special committee of independent and disinterested directors.
- The special committee will review, evaluate, and negotiate the Proposal.
- No decision has been made, and there is no assurance of transaction approval or consummation.