LOS ANGELES, April 21, 2017: Morgan Lewis is acting as US counsel to DoubleU Games Co., a leading global social casino operator headquartered in Seoul, South Korea, in its agreement to acquire DoubleDown Interactive from International Game Technology PLC (IGT) for a purchase price of $825 million.
The transaction establishes a new multi-year strategic partnership between IGT and DoubleU Games to provide innovative player experiences in the social casino market worldwide. The acquisition is subject to customary closing conditions, including regulatory approvals, and is anticipated to be completed in the second quarter of 2017.
The Morgan Lewis team advising DoubleU Games on this transaction was led by partners Janice Liu and Robert Bertin, and associate Jason Capps. Partners Jacqueline Aguilera and Chuck Bogle; of counsel Jill Weintraub; and associate David Brenneman provided support.