DoubleDown Interactive Co., Ltd. filed a Form 6-K on November 9, 2026, disclosing that it entered into a Tender Offer and Post-Offer Cooperation Agreement with its majority shareholder, DoubleU Games Co., Ltd., under which DoubleU Games agreed to commence a cash tender offer to acquire all outstanding ADSs not owned by DoubleU Games or its affiliates at US$16.25 per ADS.

Key Highlights

  • Offer Price: DoubleU Games agreed to purchase all outstanding ADSs not owned by itself or its affiliates at US$16.25 per ADS, net to the seller in cash, without interest and less any applicable withholding taxes.
  • Post-Offer Consideration: The consideration in the Post-Offer Transaction will be equivalent to US$325.00 per Common Share, based on the ratio of twenty (20) ADSs to one (1) Common Share.
  • Existing Ownership: DoubleU Games beneficially owns 1,661,191 Common Shares, representing approximately 67.05% of the outstanding Common Shares, according to the filing.
  • Minimum Tender Condition: DoubleU Games must own at least 95% of total issued and outstanding Common Shares immediately following acceptance for payment, subject to possible reduction to no lower than 90% under specified conditions.
  • Majority-of-the-Minority Condition: More than 50% of ADSs held by Unaffiliated Holders must be validly tendered and not withdrawn prior to expiration of the Offer; this condition may not be waived by any party.
  • End Date: The Offer may not be extended beyond March 10, 2027, per the Transaction Agreement.
  • Intended Outcome: Following completion of the transactions, the Company would become a wholly owned subsidiary of DoubleU Games, and DoubleU Games intends to cause the ADSs to be delisted from Nasdaq and deregistered under the Securities Exchange Act of 1934.

DoubleDown Interactive and DoubleU Games: Terms of the November 2026 Transaction Agreement

According to the filing, on November 9, 2026, DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) entered into a Tender Offer and Post-Offer Cooperation Agreement with DoubleU Games Co., Ltd., a company listed on the KOSPI market of the Korea Exchange. DoubleU Games currently beneficially owns 1,661,191 Common Shares, par value KRW 10,000 per share, representing approximately 67.05% of the Company's outstanding Common Shares. All remaining Common Shares are held in the form of ADSs, each representing one-twentieth (1/20) of one Common Share, listed on the Nasdaq Global Select Market under the symbol "DDI."

The filing states that DoubleU Games has agreed to commence a cash tender offer as promptly as practicable, and in any event no later than seven (7) business days after the date of the Transaction Agreement. The Offer will remain open for at least twenty (20) business days following its commencement. The filing discloses that the Offer is not subject to any financing condition, and DoubleU Games represented that it has, or prior to acceptance will have, funds sufficient from cash on hand and committed debt financing to pay for all ADSs subject to the Offer and to fund the Post-Offer Transaction in full.

The filing reports that the Board established a Special Committee composed solely of independent and disinterested directors, which was advised by its own independent legal counsel and financial advisor. The Special Committee unanimously determined that the Transaction Agreement and the transactions "are advisable, fair to, and in the best interests of, the Company and its shareholders, including the Unaffiliated Holders," and recommended Board approval. The Board, following the Special Committee's recommendation and after consideration of the fairness opinion of Kroll, unanimously approved the Transaction Agreement. Following completion of the Post-Offer Transaction, the filing states, the Company will become a wholly owned subsidiary of DoubleU Games.

What Was Disclosed

DoubleDown Interactive filed a Form 6-K disclosing its entry on November 9, 2026 into a Tender Offer and Post-Offer Cooperation Agreement with majority shareholder DoubleU Games, covering a proposed cash tender offer at US$16.25 per ADS and a subsequent Post-Offer Transaction intended to result in full ownership by DoubleU Games and delisting from Nasdaq.