Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Playtika Deal for Netmarble: Timely Move for IPO

Event-Driven

Mega M&amp;A deal was announced this morning from Korea's gaming industry. <a href="https://www.smartkarma.com/entities/24095" target="_blank" data-smartkarma-citation="entities:24095:1">DoubleUGames Co., Ltd. (192080 KS)</a> said this morning that it agreed to buy Double Down Interactive (DDI) for ₩942.5bil (US$825mil) from IGT, <a href="https://www.smartkarma.com/entities/16770" target="_blank" data-smartkarma-citation="entities:16770:1">International Game Technology Ordinary Shares (IGT US)</a>. This acquisition price is even more than its own current market cap. This marks the largest overseas acquisition by a Korean game company. <div class="content-highlight">
News articles:
<a href="http://www.prnewswire.com/news-releases/igt-announces-agreement-to-sell-double-down-interactive-llc-to-doubleu-games-as-part-of-new-strategic-partnership-in-social-casino-300440482.html" target="_blank">IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As</a>…
</div>

Mega M&amp;A deal was announced this morning from Korea's gaming industry. DoubleUGames Co., Ltd. (192080 KS) said this morning that it agreed to buy Double Down Interactive (DDI) for ₩942.5bil (US$825mil) from IGT, International Game Technology Ordinary Shares (IGT US). This acquisition price is even more than its own current market cap. This marks the largest overseas acquisition by a Korean game company. 
News articles:
IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As…


International Game Technology Ordinary Shares (IGT US)

International Game Technology Ordinary Shares

DoubleUGames Buys Double Down Interactive from IGT for US$825mil

Doubleugames Co, Ltd.

DoubleUGames Buys Double Down Interactive from IGT for US$825mil