DoubleDown Interactive to Acquire German Social Casino Operator WHOW Games for €55 Million

Reuters

2025/07/08

<a href="https://laohu8.com/S/DDI">DoubleDown Interactive</a> to Acquire German Social Casino Operator WHOW Games for €55 Million

DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) has announced an agreement to acquire WHOW Games GmbH, a social casino developer based in Hamburg, Germany, from Azerion Tech Holding B.V. The acquisition involves an initial consideration of €55 million, with an additional earn-out payment of up to €10 million contingent on performance targets. The acquisition is set to be financed through DoubleDown's cash reserves and is expected to close in the third quarter of 2025. WHOW Games, known for its strong presence in the European social casino market, particularly in Germany, generated €41.8 million in revenue for calendar year 2024. The acquisition is anticipated to enhance DoubleDown's competitiveness in the German market and create synergy opportunities through combined operational expertise and resources.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DoubleDown Interactive Co. Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9490611-en) on July 08, 2025, and is solely responsible for the information contained therein.

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(NASDAQ: DDI) has announced an agreement to acquire WHOW Games GmbH, a social casino developer based in Hamburg, Germany, from Azerion Tech Holding B.V. The acquisition involves an initial consideration of €55 million, with an additional earn-out payment of up to €10 million contingent on performance targets. The acquisition is set to be financed through DoubleDown's cash reserves and is expected to close in the third quarter of 2025. WHOW Games, known for its strong presence in the European social casino market, particularly in Germany, generated €41.8 million in revenue for calendar year 2024. 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ID: GNW9490611-en) on July 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2210150020.SGD","symbol_name":"Natixis Thematics Subscription Economy R/A SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250708:nNDL5x57SQ:1","article_id":"2549623544","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549623544","pubTimestamp":1751976046,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"DoubleDown Interactive Co., Ltd.  has announced an agreement to acquire WHOW Games GmbH, a social casino developer based in Hamburg, Germany, from Azerion Tech Holding B.V. 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(NASDAQ: DDI) has announced an agreement to acquire WHOW Games GmbH, a social casino developer based in Hamburg, Germany, from Azerion Tech Holding B.V. The acquisition involves an initial consideration of €55 million, with an additional earn-out payment of up to €10 million contingent on performance targets. The acquisition is set to be financed through DoubleDown's cash reserves and is expected to close in the third quarter of 2025. WHOW Games, known for its strong presence in the European social casino market, particularly in Germany, generated €41.8 million in revenue for calendar year 2024. The acquisition is anticipated to enhance DoubleDown's competitiveness in the German market and create synergy opportunities through combined operational expertise and resources.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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