DoubleDown Interactive Co., Ltd. (NasdaqGS:DDI) is seeking mergers and acquisitions opportunities. In Keuk Kim, Chief Executive Officer, said that “as we have discussed before, we are targeting - augmenting our business through strategic M&A opportunities, while we, of course, cannot make any assurances about the timing of a potential transaction, if any, we are optimistic about the opportunities we are currently seeing in the market as our patient approach since our IPO has put us in an optimal buying position given the overall [ putback ] in valuations and associated tightening of capital market”. Mr. Joseph A. Sigrist, Chief Financial Officer, said that “Let me just state again that shareholder return is a primary focus of the company, and we recognize the importance of communicating with shareholders, plans and strategies around our cash balance.

As we talked about before, we're very focused on growing our business inorganically. And I can make some comments on during his remarks about the status of the M&A market. And so we're obviously focused on that and have been continuing to be focused on potential acquisition”.