Core Viewpoint - DoubleDown Interactive Co., Ltd. has successfully completed the acquisition of WHOW Games GmbH for €55 million (approximately $64.3 million), with potential additional earn-out payments based on performance targets [1][2]. Company Overview - DoubleDown Interactive is a leading developer and publisher of digital games, particularly in the social casino segment, with its flagship title, DoubleDown Casino, being popular among casual players globally [2]. - The company operates through mobile and web-based platforms, providing authentic Vegas-style entertainment experiences [2]. WHOW Games Overview - WHOW Games, based in Hamburg, Germany, specializes in social casino games and has a strong presence in the European market [3]. - Founded in 2014, WHOW Games is known for its proprietary brand MyJackpot and partnerships with established casino brands, enhancing its market reach [3].

Core Viewpoint - DoubleDown Interactive Co., Ltd. has announced the acquisition of WHOW Games GmbH for €55 million (approximately $64.7 million), with potential additional earn-out payments based on performance targets [1][2][5] Group 1: Acquisition Details - The acquisition will be financed through DoubleDown's cash reserves and is expected to close in the third quarter of 2025 [1] - An additional earn-out payment of up to €10 million is contingent upon WHOW Games meeting specific performance targets during the first two years post-acquisition [1] Group 2: Strategic Intent - DoubleDown aims to leverage WHOW Games' expertise in the European market, particularly in Germany, to pursue growth opportunities [2][5] - The acquisition is expected to create synergies by combining operational expertise, marketing capabilities, and gaming content [5][7] Group 3: WHOW Games Overview - WHOW Games, founded in 2014 and headquartered in Hamburg, Germany, reported unaudited revenue of €41.8 million for calendar year 2024 [7] - The company has a diversified portfolio of social casino apps, including proprietary brands like MyJackpot and Lounge777, as well as third-party offerings [4][7][8] Group 4: Market Context - The European social casino market has shown growth in 2023 and 2024, contrasting with the overall market which is in a mature stage [4] - WHOW Games has established strategic partnerships with prominent global brick-and-mortar casino companies, enhancing its market presence [4][8]