Ropes & Gray represented a special committee composed solely of DoubleDown Interactive Co.’s independent and disinterested directors in DoubleDown's definitive Tender Offer and Post-Offer Cooperation Agreement with DoubleU Games Co. Under the agreement, DoubleU Games will commence an all-cash tender offer to acquire all outstanding American Depositary Shares (ADSs) of DoubleDown not already owned by DoubleU Games or its affiliates, for $16.25 per ADS. The transaction was announced on November 9.
DoubleDown Interactive Co. is a leading developer and publisher of digital games on mobile and web-based platforms.
The team was led by private equity partner Jaewoo Lee and mergers & acquisitions partners Suni Sreepada and Chris Comeau.
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