Brainium, a Portland company that makes free, ad-supported video games for smartphones, sold Thursday to a Las Vegas company for $70 million in cash.
Founded in 2008, Brainium lists a portfolio of 10 games anchored by variations on solitaire, blackjack, sudoku and other puzzles. The company employed 29 in the spring of 2021, according to the Portland Business Journal, and was looking to hire several more at the time.
The new owner is Playstudios, a publicly traded company in Nevada. Playstudios said it could pay an additional $27.5 million for the Portland company, depending on whether Brainium hits unspecified financial milestones before the end of this year.
Playstudios shares lost 2 cents in early trading Thursday and were trading at $3.68. The stock has traded between $3.24 and $6.60 in the past year, and Playstudios has a market value of about $480 million.
Playstudios said two million people play Brainium’s games each day.
Brainium’s offices are in Portland’s Pearl District. Playstudios didn’t immediately respond Thursday to an inquiry about whether it will retain an Oregon presence after the deal closes.
— Mike Rogoway | mrogoway@oregonian.com | 503-294-7699 | twitter: @rogoway |
Our journalism needs your support. Please become a subscriber today at OregonLive.com/subscribe.
