$DDI

2 stories mentioning DDIUpdated 42d ago

Every FINWIRES story that references DDI, newest first.

DoubleDown Interactive Confirms Expression of Interest From Controlling Shareholder

DoubleDown Interactive (DDI) confirmed Wednesday that it has received a non-binding expression of interest from DoubleU Games, its controlling shareholder, to acquire the shares and ADSs that it does not already own for $11.25 per ADS in cash.The company has formed a special committee to review, evaluate and negotiate DoubleU Games' proposal, DoubleDown Interactive said.No decision has made regarding the proposal and there is no assurance that DoubleDown Interactive will pursue the proposal or another other strategic outcome, the company said.DoubleU Games currently has a 67.1% stake in DoubleDown Interactive.DoubleDown shares were 1.5% lower in Wednesday trading.Price: $10.78, Change: $-0.21, Percent Change: -1.91%

$DDI

Wire55d ago

DoubleDown Interactive Receives Proposal to Get Fully Acquired by DoubleU Games

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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