DoubleU Games agrees to buy out DoubleDown Interactive minority shareholders at $16.25 per ADS

DoubleU Games, the South Korean gaming company that already controls approximately 67% of DoubleDown Interactive, has entered into a definitive agreement to acquire the remaining publicly held American Depositary Shares of the NASDAQ-listed subsidiary at $16.25 per ADS in an all-cash tender offer. The deal values the minority stake at a significant premium to DoubleU Games' earlier non-binding proposal of $11.25 per ADS, which was submitted to DoubleDown's board in April 2026 and was under review by a special committee of independent directors. The agreed price of $16.25 represents a roughly 44% increase over that initial offer.

The transaction would take DoubleDown Interactive fully private under the DoubleU Games umbrella, with the two companies citing unified operations and improved capital allocation efficiency as the rationale. DoubleDown's shares surged following the announcement, reflecting the premium embedded in the final offer price. Each ADS in the deal corresponds to one-twentieth of one common share of DoubleDown Interactive.