A number one digital video games developer and writer, DoubleDown Interactive, introduced that it has entered a Share Buy Settlement for the acquisition of SuprNation, a Swedish iGaming supplier of unique gaming experiences. The deal entails money concerns for roughly $35 million and is topic to the ultimate 2022 monetary evaluate.
Acquisition introduced:
DoubleDown Interactive has a few years of expertise in on-line gaming. It’s the creator of interactive leisure experiences for gamers world wide, offering them with Vegas leisure by means of a web-based social on line casino expertise. With the quickly acquisition of the Swedish expertise firm, the developer expects to draw new customers and enhance current providers, in addition to to develop new ones by balancing the versatile library of on line casino video games.
“We’re happy to announce the primary acquisition since DoubleDown’s IPO that we imagine enhances our current social on line casino franchise nicely and exposes DoubleDown to new development markets,” stated In Keuk Kim, Chief Govt Officer of Double Down Interactive, and added:
“The acquisition of SuprNation will increase our presence within the European i-Gaming market with different geographies anticipated to be added over time. Their gaming titles and charming gamification options have created a loyal buyer base that we goal to develop whereas capturing synergy alternatives, together with incorporating our deep on-line gaming expertise. As we consider inorganic development alternatives, we’ll proceed to deal with gaming companies that supply clear synergies with our current strengths.”
Rising actual cash gaming foothold:
Joakim Stockman and Henric Andersson, Co-Chief Govt Officers of SuprNation stated: “We’re extraordinarily excited to change into part of DoubleDown and are wanting ahead to leveraging the apparent strengths of each firms within the years to return. As a part of DoubleDown, we count on to speed up our growth and develop our actual cash gaming foothold by means of continued growth of distinctive merchandise and environment friendly advertising and marketing methods.”
Title switch:
This all-cash share buy settlement is anticipated to be closed throughout the second quarter of 2023, following regulatory approvals. As soon as the deal is closed, SuprNation will probably be a direct, wholly-owned vertical of DoubleDown Interactive LLC. The expertise firm with a powerful European presence and with gaming licenses in jurisdictions together with Sweden, Nice Britain, and Malta will allow the famend gaming firm to entry SuprNation’s broad buyer base and enhance widespread operations for the good thing about each entities.
January by means of September 2022, this buyer base engaged in SupNation’s cellular on line casino experiences to generate roughly $18.3 million in income – the determine enticing sufficient to see the acquisition accomplished as agreed.
