DoubleDown Interactive (NASDAQ: DDI), a leading gaming company delivering unique player experiences across a variety of genres, has entered into a share purchase agreement outlining details for the acquisition of SuprNation AB. The agreement details an offer for cash consideration of approximately $35 million on a cash-free, debt-free basis; the offer will be subject to a final 2022 financial review. Based in Europe, SuprNation is an i-Gaming company that provides a range of casino gaming experiences. The all-cash acquisition is anticipated to close sometime in Q2 2023, subject to customary conditions. Following the completion of the acquisition, SuprNation will be a direct, wholly owned subsidiary of DoubleDown Interactive LLC. “We are pleased to announce the first acquisition since DoubleDown’s IPO that we believe complements our existing social casino franchise well and exposes DoubleDown to new growth markets,” said DoubleDown Interactive CEO In Keuk Kim in the press release. “The acquisition of SuprNation increases our presence in the European i-Gaming market with other geographies expected to be added over time. Their gaming titles and captivating gamification features have created a loyal customer base that we aim to grow while capturing synergy opportunities, including incorporating our deep online gaming experience. As we evaluate inorganic growth opportunities, we will continue to focus on gaming businesses that offer clear synergies with our existing strengths.”
To view the full press release, visit https://ibn.fm/t7Lug
About DoubleDown Interactive Co. Ltd.
DoubleDown Interactive is a leading developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multiformat interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. DDI’s flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. For more information about this company, please visit www.DoubleDownInteractive.com.
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