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Tuesday, July 22, 2025 at 4:30 p.m. Eastern Time

SEOUL, South Korea, July 08, 2025 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading gaming company delivering exceptional player experiences across multiple genres, announced today that the Company entered into a Share Purchase and Transfer Agreement with Azerion Tech Holding B.V. to acquire WHOW Games GmbH, a social casino developer headquartered in Hamburg, Germany. The initial consideration for 100% ownership interest in WHOW Games is €55 million (approximately $64.7 million⁽¹⁾). An additional earn-out payment of up to €10 million, payable to Azerion at €5 million annually, is contingent upon WHOW Games meeting certain performance targets during each of the first and second year following the closing date. The acquisition will be financed through DoubleDown’s cash reserves and is expected to close during the third quarter of 2025.

According to Precedence Research, the global web3 gaming market size is calculated at USD 37.55 billion in 2025 and is expected to be worth around USD 182.98 billion by 2034, registering a robust CAGR of 19.24% from 2025 to 2034. North America accounted for USD 11.34 billion in 2024 and is poised to maintain its dominance with a double-digit CAGR of 19.40%.