DoubleU Games Proposes Buyout of Remaining 32.9% Stake in DoubleDown Interactive (DDI) at $11.25 per ADS

On April 30, 2026, DoubleU Games Co., Ltd. filed a Schedule 13D/A reporting its intention to acquire all remaining outstanding shares of DoubleDown Interactive Co., Ltd. (DDI) that it does not already own. As of the filing date, the reporting person holds 1,661,191 common shares, representing a 67.1% ownership stake. On April 28, 2026, DoubleU Games delivered a non-binding proposal to the Issuer's Board of Directors to acquire the remaining 32.9% of outstanding common shares (including those represented by ADSs) via a comprehensive share exchange. The proposed offer price is US$11.25 per ADS, equivalent to US$225.00 per common share. The transaction is subject to recommendation by a special committee of independent directors and approval by at least 95% of the Issuer's outstanding shares. If consummated, DDI would become a wholly owned subsidiary of DoubleU Games, resulting in the delisting of its ADSs from NASDAQ and the termination of its SEC reporting obligations. The reporting person has stated it will not support any alternative transactions.