DoubleU Games Completes Acquisition of Turkish studio Paxie Games “Secures New Global Growth Engine”
DoubleDown Interactive Co., Ltd. - American Depository Shares (DDI)
Company Research
Source: Business Wire
Merger review completed on March 26, finalizing the acquisition of Paxie Games with an upfront payment of $29.9 million for 60% of the company’s ownership, with the remaining ownership to be acquired through an earnout structure over a three-year period.Paxie Games’ flagship game, Merge Studio: Fashion Makeover, achieves robust global performance, surpassing 28 million downloads and $34 million in cumulative revenue as of the end of February.DoubleU Games to drive long-term growth and expand global network through acquisition SEOUL, South Korea--(BUSINESS WIRE)--Following its acquisition announcement in December 2024, DoubleU Games has proceeded with the necessary steps including merger clearance from the Turkish competition authority, and closed the transaction on March 26.Paxie Games, a Turkey-based casual game developer, specializes in the rapidly growing Merge 2 genre. Its flagship game, Merge Studio: Fashion Makeover, has demonstrated strong global traction, surpassing 28 mill
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- DoubleDown Interactive (NASDAQ:DDI) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=DDI&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall StreMarketBeat
- DoubleDown Interactive to Donate $10,000 to Meals on Wheels America® GlobeNewswire
- ROTH to Host 14th Annual Technology Conference at the Hard Rock Hotel in New York CityGlobeNewswire
DDI
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