Deals
MGM-Backed Playstudios Pays $70 Million for Solitaire Maker
- Las Vegas-based company to double users with Brainium deal
- Acquired company gets most of its revenue from advertising
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Playstudios Inc., a maker of free-to-play casino-oriented video games, acquired Brainium, a studio known for titles such as Spider Solitaire and Mahjong.
The price is $70 million in cash and an additional sum based on Brainium’s performance through the end of the year, according to a statement from Las Vegas-based Playstudios. The acquired company will keep its name and leadership team.