Tag Archives: Ga-Ram Kim

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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