FINWIRES · TerminalLIVE
FINWIRES

DoubleDown Interactive Receives Proposal to Get Fully Acquired by DoubleU Games

By

DoubleDown Interactive (DDI) has been sent a written proposal to be acquired by DoubleU Games in an all-cash deal valued at about $184 million, DoubleU said Monday.

Under the terms of the proposed acquisition, DoubleU will buy the remaining publicly held shares of DoubleDown for $11.25 per American depositary share. Each ADS corresponds to one-twentieth of a DoubleDown share.

DoubleU Games, which currently owns about 67% of DoubleDown, plans to take the company private using existing cash and committed financing, the company said.

Shares of DoubleDown gained more than 12% in recent premarket activity Tuesday.

Price: $10.36, Change: $+1.17, Percent Change: +12.73%

Related Articles

Wire

Jade Gas Holdings Gets Mongolian Authority Approval for Coal Bed Methane Project Appraisal Report

Jade Gas Holdings (ASX:JGH) received approval from the Mineral Resources and Petroleum Authority of Mongolia for its appraisal report for the Tavantolgoi coal bed methane project, according to a Tuesday Australian bourse filing.The next stage in securing a long-term production license for the project is reserve booking, which will validate and register the company's maiden gas reserves under Mongolia's mineral and petroleum reporting standards, per the filing.The company's shares fell nearly 2% in recent trading on Tuesday but earlier hit their highest since May 2024.

ASX:JGH
Wire

Brown & Brown Q1 Adjusted Earnings, Revenue Rise

Brown & Brown (BRO) reported Q1 adjusted earnings late Monday of $1.39 per diluted share, up from $1.29 a year earlier.Analysts polled by FactSet expected $1.36.Revenue for the three months ended March 31 was $1.9 billion, up from $1.4 billion a year earlier.Analysts surveyed by FactSet expected $1.89 billion.The company's shares rose 2.8% in after-hours trading.

$BRO
Wire

Ranger Energy Services Q1 Earnings, Revenue Rise; Shares Fall After Hours

Ranger Energy Services (RNGR) reported Q1 earnings Monday of $0.12 per diluted share, up from $0.03 a year earlier.One analyst polled by FactSet expected $0.13.Revenue in the three months ended March 31 rose to $159.1 million from $135.2 million a year earlier.Three analysts surveyed by FactSet expected $156.2 million.Ranger Energy shares fell 10% in after-hours trading.

$RNGR