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IGT agrees $825m DoubleDown sale to Korea’s DoubleU Games

18th April 2017 8:03 am GMT

New York-listed International Game Technology (IGT) has agreed to sell its social casino subsidiary DoubleDown Interactive to South Korea's DoubleU Games for USD$825m.

The agreement also establishes a multi-year strategic partnership between IGT and DoubleU, allowing the South Korean studio to offer IGT's casino games portfolio across its free-to-play properties in return for ongoing royalties.

IGT chief executive Marco Sala said that having acquired DoubleDown in 2012, IGT had grown the business into one of the largest social casino [...]

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