DoubleDown Interactive Co., Ltd. announced the completion of its acquisition of WHOW Games GmbH, a social casino developer headquartered in Hamburg, Germany, from Azerion. The transaction was finalized for an initial consideration of €55 million, which is approximately $64.3 million based on the exchange rate as of July 11, 2025.
An additional earn-out payment of up to €10 million is contingent upon WHOW Games achieving certain performance targets during the first and second years post-closing, with €5 million payable annually. This acquisition is expected to enhance DoubleDown's competitiveness in the German social casino market.
The company plans to integrate WHOW Games' proven expertise and partner-driven business model with its own operational strengths and gaming content. This strategic move aims to diversify DoubleDown's revenue geographically and leverage combined scale to unlock valuable synergies.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.