Benzinga | Sep 23, 2021 12:22PM EDT

B. Riley Begins Tender Offer For 2M ADS Of DoubleDown Interactive

* B. Riley Financial, Inc (NASDAQ:RILY), via a subsidiary, B. Riley Securities, Inc, began its previously announced cash tender offer to purchase up to 2 million ADS of digital social casino game company DoubleDown Interactive Co, Ltd (NASDAQ:DDI).

* Each ADS represented 0.05 of a share of DDI and is priced at $18 per ADS.

* B. Riley attributes its increment investment calling current market value for the ADS is not reflective of DDI's value.

* Price Action: DDI shares traded higher by 0.90% at $17.31 on the last check Thursday.