DoubleU Games offers to buy remaining ADSs of DoubleDown

DoubleU Games disclosed that it has delivered a written proposal to the Board of Directors of DoubleDown (DDI) Interactive Co. to acquire all issued and outstanding American Depositary Shares of DDI not currently held by DoubleU Games at a price of $11.25 per ADS in an all-cash transaction, representing an aggregate value of approximately $184 million. Each ADS corresponds to one-twentieth of one DDI common share. Upon completion of the Transaction, DDI would be a wholly owned subsidiary of DoubleU Games.