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DoubleDown soars after acquisition offer from DoubleU Games
DoubleDown soars on acquisition offer from DoubleU Games.
Context
What happened: DoubleU Games, a South Korean game company, agreed to buy the DoubleDown Interactive Co. (DDI) shares it does not already own, offering $16.25 in cash per U.S.-traded share.
Key numbers: $16.25 in cash per DDI share.
Why it matters: DoubleDown shares rose sharply after the acquisition offer was announced.
What changed
DoubleU Games, a South Korean game company, agreed to buy the DoubleDown Interactive Co. (DDI) shares it does not already own, offering $16.25 in cash per U.S.-traded share.
Why it matters
DoubleDown shares rose sharply after the acquisition offer was announced.