It took just one month for Korean game software developer DoubleUGames to acquire DoubleDown Interactive, a global social casino game developer, worth about 1 trillion won.
DoubleUGames completed the largest M&A deal in the history of the Korean game industry within such a short period of time mainly thanks to the strong resolution of its CEO and its close cooperation with advisors and financial investors.
DoubleUGames announced on April 18 that it would acquire the 100-percent stake in DDI. Kim Ga-ram, chief executive of DoubleUGames which was listed on the KOSDAQ market in 2015, has vowed that he would achieve a quantum leap through M&A.
This pledge is based on his judgment that the acquisition of a company that can generate synergies is a more effective growth strategy than spending a huge amount of marketing expenditure. Its flagship game "DoubleU Casino" is gaining popularity in the Facebook community but still remains out of top-five ranks in the global social casino market. email@example.com