NEW YORK, June 2, 2026, 07:06 (EDT)
- DoubleDown’s ADSs finished their last Nasdaq session at $11.75, trading about 4% higher than DoubleU Games’ $11.25 a share cash bid.
- DoubleDown Interactive Co., Ltd. said it gave $10,000 to the American Cancer Society, according to its latest release. The company is still waiting on the outcome of its buyout review.
- Nasdaq’s regular session was still closed. The exchange does not have June 2 among its 2026 holiday closures.
DoubleDown Interactive Co., Ltd. shares barely moved in U.S. premarket trading Tuesday. The stock stayed above the all-cash offer from DoubleU Games, its controlling shareholder, which has set the reference point for recent trading.
ADSs closed at $11.75, gaining 5 cents, or 0.4%. Shares are now about 50 cents above DoubleU Games’ $11.25-per-ADS offer, leaving a narrow gap as investors keep an eye on the company’s special committee.
Nasdaq says pre-market trading goes from 4 a.m. to 9:30 a.m. Eastern, with regular hours from 9:30 a.m. to 4 p.m. The 2026 holiday calendar doesn’t close markets on June 2.
DoubleDown’s Monday release skipped any talk of the bid. Instead, the Seattle-and-Seoul social casino games firm said it will give $10,000 to the American Cancer Society and is holding a player event on June 6 for National Cancer Survivors Month. “The cause is important to many of our players,” Chief Executive In Keuk Kim said. DoubleDown Interactive Co., Ltd.
Investors have been shifting away. DoubleU Games put forward a bid in April to acquire the DoubleDown ADSs it doesn’t already hold, an all-cash deal worth roughly $184 million. DoubleU owns about 67.1% of DoubleDown. The offer was $11.25 per ADS, with each ADS standing for one-twentieth of a DoubleDown common share.
Jaeyoung Choi, DoubleU Games’ CFO, signed the proposal letter. According to the buyer, the bid gives public holders “immediate, certain cash value” at a “meaningful premium.” The buyer also said it would not back another deal involving DoubleDown.
DoubleDown said its board has set up a special committee of independent directors to look at the proposal and handle talks. The company said there’s no decision yet, shareholders don’t need to do anything at this point, and there’s no guarantee a deal will go through.
DoubleDown’s bid comes after a stronger first quarter. On May 12 the company reported a 12.7% jump in revenue to $94.1 million, with profit excluding non-controlling interest up 48.4% to $35.4 million, or 71 cents per ADS. Net cash flow from operations rose to $46.4 million. Kim called it a “solid start to 2026.” DoubleDown Interactive Co., Ltd.
The company increased sales via direct-to-consumer, processing more transactions through its own storefronts and payment systems instead of third-party app stores. Revenue from this channel climbed to $34.0 million and made up 44.2% of social casino revenue for the quarter, up from 12.8% a year ago.
Adjusted EBITDA climbed 24.0% to $38.2 million, with the margin up to 40.6% from 36.9%. That gives minority holders a reason to question if the first offer is enough.
Competition is tough. In its latest annual filing, DoubleDown puts Playtika, Aristocrat’s Product Madness/Big Fish Games, and Light & Wonder’s SciPlay in the group of key social casino competitors. DoubleDown Casino still made up 76.1% of 2025 revenue. That leaves the stock dependent on one top game even as DoubleDown adds WHOW Games in Europe and SuprNation in real-money iGaming.
The trade isn’t a sure thing. DoubleU Games’ offer isn’t binding, and it can be changed or pulled. Closing would require 95% of DoubleDown’s outstanding common shares, with most outside shareholders backing it, and sign-offs from regulators. DoubleDown has also warned that new rules or lawsuits on social casino games could limit titles, push up costs, or bring damages.
Traders are focused on three things ahead of the committee’s decision: the $11.25 offer, how the stock trades versus that number, and if DoubleU Games will alter the bid or step back. Shares are reacting less to individual company news in the meantime. The company repeated it will not update further unless it or the special committee chooses to.
