DoubleU Games Agrees to Launch $16.25 Tender Offer for DoubleDown ADSs

DoubleU Games Co., Ltd. agreed to launch a cash tender offer at $16.25 per American depositary share (ADS) for outstanding ADSs in DoubleDown Interactive Co., Ltd. that it does not already own. The offer had not commenced when the agreement was announced. If the tender offer is completed, a later transaction is planned for any remaining shares. DoubleDown’s Nasdaq-listed ADSs closed at $15.70 on Monday, Nov. 9, up 15.61% from the previous close of $13.58. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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