The studio that develops apps for smartphones will join a larger operation.
PORTLAND, Ore. — Brainium Studios, the Portland-based smartphone app developer, has been sold in a $70 million cash transaction to free-to-play mobile game maker Playstudios, Inc. (Nasdaq: MYPS).
“Contingent consideration” in the deal will be linked to Brainium’s performance from the deal’s closing to Dec. 31, Playstudios said on Thursday.
The local game studio, headquartered in the Pearl District’s popular Tanner Point building, was founded by Farhad Shakiba and Jake Brownson, who attended the Oregon Institute of Technology together in the 2000s. They launched the company in 2009 and have since put
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