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DoubleDown Interactive Receives Proposal to Get Fully Acquired by DoubleU Games

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-- 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%

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