Hogan Lovells Advised Azerion On Sale Of Whow Games To DoubleDown Interactive

Hogan Lovells Advised Azerion On Sale Of Whow Games To DoubleDown Interactive

Hogan Lovells advised Dutch Azerion Group N.V. on the sale of Whow Games GmbH, a publisher of social casino games headquartered in Hamburg, Germany, to DoubleDown Interactive. The initial consideration for 100% ownership of Whow Games is EUR 55 million (approximately USD 60.5 million). An additional earn-out payment of up to EUR 10 million is contingent upon Whow Games meeting certain performance targets.

Founded in 2014 and headquartered in Amsterdam, Azerion (EURONEXT: AZRN) is one of Europe’s largest digital advertising and entertainment media platforms. DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms, based in Seattle, WA. Whow Games is a premier developer and operator of browser- and mobile-based social casino games centered on the European market. Through this acquisition, DoubleDown Interactive aims to drive growth and strengthen its competitiveness in the growing German market.

The Hogan Lovells team was led by Dr. Tobias Kahnert (Partner) and included Hannah Wohlfarth (Associate), Dr. Vincent Ziller (Associate), Joshua Naumann (Associate) (Corporate/M&A, Munich/Frankfurt); Dr. Ingmar Dörr (Partner, Tax, Munich); Dr. Stefan Schuppert (Partner, Data Privacy, Munich); Dr. Christoph Wünschmann (Partner) and Dr. Dennis Cukurov (Senior Associate) (Antitrust, Munich); Danielle du Bois-Buné (Partner), Chantalle Schoegje (Senior Associate) and Quint Verboven (Associate) (Corporate/M&A, Amsterdam).

Click to know more about Hogan Lovells

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.