DoubleU Games acquires Turkish studio Paxie Games, One of the Top 5 Companies in Fast-Growing Merge 2 Genre
DoubleDown Interactive Co., Ltd. - American Depository Shares (DDI)
Company Research
Source: Business Wire
Expanding into new portfolio of makeover / Merge-2 genre with high ROAS and short payback periodEntering one of the largest and fastest-growing mobile game genresAcquisition of Paxie Games for up to $67.0 million (Upfront $27.0 million and Earn-out up to $40.0 million depending on the performance), expected to leverage DoubleU Games’ marketing capabilities to scale growth effectively SEOUL, South Korea--(BUSINESS WIRE)--DoubleU Games Co., Ltd. (192080:KS), a leading developer of social casino games, has entered into an agreement to acquire Turkish gaming studio Paxie Games, developer of Merge Studio: Fashion Makeover. DoubleU Games will acquire a 60% stake for $27.0 million at closing, with the remaining 40% to be acquired over a span of three years, subject to achieving certain financial targets, resulting in full ownership by the end of third year. The acquisition will be financed through a combination of treasury shares and cash. The deal is expected to close in Q1’25.The acquis
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News
- DoubleDown Interactive Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Update: DDI, November 12 [Forbes]Forbes
- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) had its price target raised by analysts at Northland Securities from $18.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) had its price target raised by analysts at Wedbush from $16.25 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- DoubleDown Interactive Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
DDI
Earnings
- 11/11/24 - Miss
DDI
Sec Filings
- 12/17/24 - Form 144
- 11/12/24 - Form 144
- 11/12/24 - Form 6-K
- DDI's page on the SEC website