The award-winning developer of free-to-play cellular and social video games that give gamers tangible rewards, PLAYSTUDIOS, the maker of the playAWARDS loyalty program, in the present day introduced the acquisition of Brainium, a famend writer of informal video games. The acquisition will value $70 million upfront, with the remaining $20 million contingent upon Brainium’s success from the deal’s closure by way of December 31, 2022.
PLAYSTUDIOS continues to diversify its sport portfolio with the acquisition of Brainium
The acquisition expands PLAYSTUDIOS’ best-in-class sport portfolio with a variety of well-known informal video games, together with Solitaire, Spider Solitaire, Sudoku, and Mahjong, and greater than doubles the corporate’s common each day lively customers, extending the attain and rising the attraction of its playAWARDS platform to gamers and rewards companions.
The management group and model title of Portland-based, enthusiastic sport designers and engineers Brainium will stay as a part of PLAYSTUDIOS. Since its founding in 2008, Brainium has constructed a stable fame for creating engaging and motivational video games in addition to for releasing purposes that set the usual for consumer retention, engagement, and profitability. Currently, Brainium has 10 distinctive video games out there, reaching 2 million lively customers daily and round 5.5 million lively customers every month.
“PLAYSTUDIOS is the perfect home for Brainium as we enter this next phase of growth,” stated Scott Willoughby, Chief Operating Officer of Brainium Studios. On Thursday, October 13, 2022, at 8:30 a.m. Eastern Time, PLAYSTUDIOS held a convention name and audio webcast to undergo the transaction.