DoubleU Games offers $184m for DoubleDown’s remaining shares
DoubleU Games proposed on 28 April to buy the shares in DoubleDown Interactive that it does not already own, offering $11.25 in cash per American Depositary Share. The non-binding proposal values the remaining 32.9% stake at about $184m and requires shareholder approval; the companies have not signed a definitive agreement.
The proposal could take DoubleDown private, but completion depends on the specified shareholder approvals.