Four Tree Island urges DoubleDown special committee reject DoubleU Games’ $11.25 per ADS bid

DoubleDown Interactive Co., Ltd. Sponsored ADR

DoubleDown Interactive Co., Ltd. Sponsored ADR

DDI

0.00
  • Four Tree Island Advisory, a top-10 shareholder, urged special committee to reject controlling shareholder DoubleU Games’ proposal to buy remaining publicly held ADSs for USD 11.25 per ADS.
  • Activist argued offer assigns little value to operating business, estimating implied enterprise value about USD 36 million assuming a June 30 closing.
  • Four Tree Island said DoubleU Games paid USD 18 per ADS in 2021, calling current bid a steep cut in implied enterprise value despite EBITDA rising to USD 142.4 million in 2025.
  • Letter highlighted DoubleU Games’ roughly 67.1% ownership, citing more than USD 5 million in annual cost savings from taking company private without sharing synergies with minority holders.
  • Four Tree Island called for independent appraisal with unconflicted advisers, pointing to published price targets of USD 23, USD 21, USD 16.


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: 202605041524PRIMZONEFULLFEED9712612) on May 04, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.