DoubleDown Interactive (NASDAQ: DDI) receives $11.25 per ADS offer from controller

Rhea-AI Filing Summary

DoubleDown Interactive Co., Ltd. reported that its controlling shareholder, DoubleU Games Co., Ltd., has submitted a non-binding expression of interest to acquire all DoubleDown common shares and ADSs it does not already own for $11.25 per ADS in cash. DoubleU currently holds approximately 67.1% of DoubleDown’s outstanding common shares, and each ADS represents 1/20th of a common share. The board has formed a special committee of independent, disinterested directors to review, evaluate and negotiate the proposal, with plans to retain independent legal and financial advisors. No decision has been made, there is no assurance any transaction will be completed, and shareholders are told that no action is required at this time.

Insights

M&A and special situations analyst

Controlling holder floats non-binding take-private offer; review just beginning.

The key development is a non-binding proposal from DoubleU Games, which already owns about 67.1% of DoubleDown, to buy remaining equity at $11.25 per ADS in cash. This indicates potential for a go-private transaction but with no binding commitment yet.

The board created a special committee of independent, disinterested directors to evaluate and negotiate the proposal and expects to hire separate legal and financial advisors. This structure is typical where a controlling shareholder is on the buy side, aiming to address potential conflicts through independent review.

The company emphasizes that no decision has been made and there is no assurance any transaction will be approved or completed. It also notes that shareholders need not take any action now, and that future communications will occur only when considered appropriate or necessary.

Key Figures

Indicative offer price: $11.25 per ADS Controlling shareholder stake: 67.1% of outstanding common shares ADS-to-share ratio: 1/20th of a common share per ADS

3 metrics

Indicative offer price $11.25 per ADS Non-binding expression of interest from DoubleU Games

Controlling shareholder stake 67.1% of outstanding common shares DoubleU Games ownership before proposed transaction

ADS-to-share ratio 1/20th of a common share per ADS Structure of DoubleDown American Depositary Shares

Key Terms

non-binding expression of interest, special committee, forward-looking statements, American Depositary Shares

4 terms

non-binding expression of interest financial

"confirmed receipt of a non-binding expression of interest from DoubleU Games"

A non-binding expression of interest is an informal, written or verbal statement that a party is willing to explore a potential transaction, such as a merger, acquisition, partnership or investment, without creating a legal obligation to follow through. Like a handshake that starts a conversation, it signals potential demand and can move a process forward, but it does not guarantee a deal and investors should view it as an early indicator rather than a firm commitment.

special committee financial

"the Board of Directors of DoubleDown formed a special committee composed solely of independent and disinterested directors"

A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.

forward-looking statements regulatory

"Certain statements in this press release contain or may suggest “forward-looking” information"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

American Depositary Shares financial

"including American Depositary Shares, each ADS representing 1/20th of a common share"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2026

Commission File Number 001-39349

DoubleDown Interactive Co., Ltd.

(Translation of registrant’s name into English)

Joseph A. Sigrist, Chief Financial Officer

c/o DoubleDown Interactive LLC

6671 S. Las Vegas Blvd.

Building D, Suite 210

Las Vegas, Nevada 89119

+1-702-761-6899

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☒ Form 20-F   ☐ Form 40-F

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Issuance of Press Release

On April 29, 2026, DoubleDown Interactive Co., Ltd. (the “Company”) issued a press release to announce the receipt by the board of directors of the Company of a non-binding expression of interest from DoubleU Games Co., Ltd. (“DoubleU”), the Company’s controlling shareholder, to acquire all of the outstanding common shares (including American Depositary Shares, each representing 1/20th of a common share, the “ADSs”) of the Company not held by DoubleU.

The press release being furnished in this report as Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, as amended, except to the extent specifically provided in such a filing.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press release of the Company, dated April 29, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				DOUBLEDOWN INTERACTIVE CO., LTD.
Date: April 29, 2026				By:		/s/ Joseph A. Sigrist
						Name:  Joseph A. Sigrist
						Title:   Chief Financial Officer

Exhibit 99.1

DoubleDown Confirms Receipt of a Non-Binding Expression of Interest from Controlling Shareholder, DoubleU Games, to Acquire all Outstanding Common Shares and ADSs

SEOUL, KOREA – April 29, 2026 — DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”) today confirmed receipt of a non-binding expression of interest from DoubleU Games Co., Ltd. (“DUG”), the Company’s controlling shareholder holding approximately 67.1% of the Company’s outstanding common shares, to acquire all of the outstanding common shares (including American Depositary Shares, each ADS representing 1/20^th of a common share, collectively the “ADSs” and each an “ADS”) of the Company, other than common shares and/or ADSs held by DUG, for $11.25 per ADS in cash (the “Proposal”).

In response to the Proposal, the Board of Directors of DoubleDown formed a special committee composed solely of independent and disinterested directors to review, evaluate and negotiate the Proposal and to determine the next steps that would be in the best interests of the Company and its unaffiliated shareholders. The special committee is expected to retain independent legal and financial advisors to assist it in its review of and deliberations regarding the Proposal.

No decision has been made regarding the Proposal and there can be no assurance that the Company will pursue this Proposal or any other strategic outcome, or that any proposed transaction, including pursuant to the Proposal, will be approved or consummated. The Company does not intend to disclose further developments regarding this matter unless and until further disclosure is determined to be appropriate or necessary. No action is required by DoubleDown shareholders at this time.

About DoubleDown Interactive

DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. The Company’s flagship social casino title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. The Company’s subsidiary, SuprNation, also operates three real-money iGaming sites in Western Europe while the newly acquired subsidiary, WHOW Games, operates social casino gaming business in Europe, mainly in Germany.

Forward-Looking Statements

Certain statements in this press release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. The words “will,” “may,” “designed to,” “outlook,” “believes,” “should,” “targets,” “anticipates,” “assumptions,” “plans,” “expects” or “expectations,” “intends,” “estimates,” “forecasts,” “guidance” and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address such future events or expectations are forward-looking statements. In addition, forward-looking statements contained in this release may be impacted by the actual outcome of events or occurrences related to the Company’s announcement of its receipt of a proposal from DoubleU Games Co., Ltd., the Company’s controlling shareholder, to acquire all the outstanding common shares (including ADSs) of the Company. These forward-looking statements do not guarantee future performance or any specific outcome and speak only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information, or future circumstances.

Company Contact:

Joe Sigrist

ir@doubledown.com

+1 (206) 773-2266

Chief Financial Officer

https://www.doubledowninteractive.com

Investor Relations Contact:

Joseph Jaffoni, Christin Armacost

JCIR

+1 (212) 835-8500

DDI@jcir.com

FAQ

What proposal did DoubleU Games make to DoubleDown Interactive (DDI)?

DoubleU Games, DoubleDown’s controlling shareholder, submitted a non-binding expression of interest to acquire all outstanding common shares and ADSs it does not own for $11.25 per ADS in cash. The indication concerns only equity not already held by DoubleU Games.

How much of DoubleDown Interactive does DoubleU Games currently own?

DoubleU Games currently holds approximately 67.1% of DoubleDown’s outstanding common shares. The new proposal relates to acquiring the remaining common shares and ADSs not already owned, potentially resulting in full ownership if a transaction were agreed and completed.

How are DoubleDown Interactive ADSs structured for investors?

Each DoubleDown Interactive American Depositary Share, or ADS, represents 1/20th of a common share. The proposal price of $11.25 per ADS in cash therefore applies at the ADS level, which is how many investors hold and trade exposure to the company.

What steps has DoubleDown’s board taken in response to the DoubleU Games proposal?

DoubleDown’s board formed a special committee of independent, disinterested directors to review, evaluate and negotiate the proposal. The committee is expected to engage independent legal and financial advisors to assist its deliberations and determine potential next steps for unaffiliated shareholders.

Has DoubleDown Interactive approved the DoubleU Games transaction proposal?

No approval decision has been made. The company states that no decision has been made regarding the Proposal, and there is no assurance any transaction, including under this proposal, will be approved or consummated. The process remains at an initial evaluation stage.

Do DoubleDown Interactive shareholders need to take any action now?

The company states that no action is required by DoubleDown shareholders at this time. It also notes it does not intend to provide additional updates on the proposal unless and until further disclosure is considered appropriate or necessary by the company.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 7.5 KB