India, July 8 -- DoubleDown Interactive Co., Ltd. (DDI), a gaming company, on Tuesday announced that it has signed a Share Purchase and Transfer Agreement with Azerion Tech Holding B.V. to acquire Whow Games GmbH, a social casino game developer based in Hamburg, Germany.
The initial purchase price for full ownership of Whow Games is 55 million euros, around $64.7 million and is expected to close in the third quarter of 2025.
An additional earn-out of up to 10 million euros paid in two installments of 5 million euros each may be paid to Azerion if Whow Games meets certain performance targets in the first two years after closing.
The deal will be funded using DoubleDown's cash reserves.
The acquisition presents opportunities for DoubleDow...