Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Event-Driven

Mega M&amp;A deal was announced this morning from Korea's gaming industry. <a href="https://www.smartkarma.com/entities/24095" target="_blank" data-smartkarma-citation="entities:24095:1">DoubleUGames Co., Ltd. (192080 KS)</a> said this morning that it agreed to buy Double Down Interactive (DDI) for ₩942.5bil (US$825mil) from IGT, <a href="https://www.smartkarma.com/entities/16770" target="_blank" data-smartkarma-citation="entities:16770:1">International Game Technology Ordinary Shares (IGT US)</a>. This acquisition price is even more than its own current market cap. This marks the largest overseas acquisition by a Korean game company. <div class="content-highlight">
News articles:
<a href="http://www.prnewswire.com/news-releases/igt-announces-agreement-to-sell-double-down-interactive-llc-to-doubleu-games-as-part-of-new-strategic-partnership-in-social-casino-300440482.html" target="_blank">IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As</a>…
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Mega M&amp;A deal was announced this morning from Korea's gaming industry. DoubleUGames Co., Ltd. (192080 KS) said this morning that it agreed to buy Double Down Interactive (DDI) for ₩942.5bil (US$825mil) from IGT, International Game Technology Ordinary Shares (IGT US). This acquisition price is even more than its own current market cap. This marks the largest overseas acquisition by a Korean game company. 
News articles:
IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As…


DoubleUGames Buys Double Down Interactive from IGT for US$825mil

South Korea

DoubleUGames Co., Ltd. develops and markets online games and mobile games.  The Company mainly develops social casino games including DoubleU Casino and DoubleU Bingo.

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Doubleugames Co, Ltd. (192080 KS)

DoubleUGames Buys Double Down Interactive from IGT for US$825mil

Mega M&A deal was announced this morning from Korea's gaming industry. DoubleUGames Co., Ltd. (192080 KS) said this morning that it agreed to...

Sanghyun Park

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