PLAYSTUDIOS acquires Brainium Studios for $70M cash plus up to $27.25M contingent

PLAYSTUDIOS, Inc.

$70M upfront cash consideration (funded from cash on hand); closing on Oct 12, 2022.
Additional contingent cash consideration up to $27.25M tied to Brainium's FY2022 performance.
Brainium adds 10 casual game titles (Solitaire, Sudoku, Mahjong) with ~5.5M MAUs and ~2M DAUs.
Accretive to earnings; more than doubles PLAYSTUDIOS' average DAUs; diversifies revenue with advertising.
Brainium retains its brand name and leadership team; sellers subject to 5-year non-compete.

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