Tag Archives: Double Down

IGT concludes $850 million sale of Double Down social gaming division

Updating the market, New York-listed IGT Group Plc has confirmed that it has concluded its $825 million sale of social games/gambling division Double Down Interactive to Korean games developer DoubleU Games Studio. The deal was first announced last April, with IGT governance detailing that the final sales figure represented a value of ‘10.5 x on Double Down full-year 2016’s adjusted …

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IGT confirms sale of Double Down to Korean games developer DoubleU for $825 million

This morning New York-listed IGT Group Plc has informed the market that it has signed a ‘definitive agreement’ to sell its social casino subsidiary Double Down Interactive (Double Down) to South Korean games developer DoubleU Games (DoubleU). IGT governance informed investors that it had agreed to sell its social casino asset for $825 million, representing a value of 10.5x on …

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