DoubleU Games Proposes to Acquire Remaining 32.9% Stake in DoubleDown Interactive for $184 Million

On April 28, 2026, DoubleU Games Co., Ltd. filed a Schedule 13D/A indicating its intention to acquire all remaining outstanding shares of DoubleDown Interactive Co., Ltd. (DDI) that it does not already own. The reporting person currently holds 1,661,191 common shares, representing a 67.1% stake in the issuer. DoubleU Games submitted a non-binding proposal to acquire the remaining 32.9% of shares at a cash price of $11.25 per ADS, equivalent to $225.00 per common share. The total cash consideration for the transaction is estimated at approximately $184 million, which DoubleU Games intends to fund through cash on hand and third-party debt financing. If the transaction is consummated via a statutory merger or share exchange, DoubleDown Interactive will become a wholly-owned subsidiary of DoubleU Games, leading to the delisting of its ADSs from NASDAQ and the termination of its SEC reporting obligations. The proposal is subject to approval by a special committee of independent directors and an affirmative vote of at least 80% of outstanding shares.