DoubleDown Interactive Co., Ltd. entered into a Share Purchase and Transfer Agreement with Azerion Tech Holding B.V. to acquire WHOW Games GmbH, a social casino developer based in Hamburg, Germany. The initial consideration for 100% ownership interest in WHOW Games is €55 million, approximately $64.7 million.
The agreement includes an additional earn-out payment of up to €10 million, payable to Azerion at €5 million annually, contingent upon WHOW Games meeting specific performance targets during the first and second years following the closing date. This acquisition will be financed through DoubleDown’s existing cash reserves.
DoubleDown intends to leverage WHOW Games’ expertise in the European market and its partner-driven business model, combining it with DoubleDown's operational strength, marketing capabilities, and extensive gaming content. This move aims to increase competitiveness in the growing German social casino market and unlock valuable synergies, with the acquisition expected to close during the third quarter of 2025.
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.