DoubleDown Interactive Co., Ltd. Receives Non-Binding Acquisition Interest from Controlling Shareholder

DoubleDown Interactive Co., Ltd. has confirmed the receipt of a non-binding expression of interest from its controlling shareholder, DoubleU Games Co., Ltd., to acquire all outstanding common shares and ADSs not held by DoubleU Games. The offer is priced at $11.25 per ADS in cash. In response, DoubleDown's Board of Directors has established a special committee comprised of independent directors to evaluate the proposal. This committee will be responsible for reviewing, negotiating, and determining the best course of action for the company and its unaffiliated shareholders, and is expected to engage independent legal and financial advisors. The company has stated that no decision has been made regarding the proposal, and there is no guarantee that any transaction will be approved or consummated. DoubleDown does not intend to provide further updates unless deemed necessary.