Wednesday, September 1, 2010

Disney Gets Involved with Social Networking

Walt Disney is supposedly making a deal to acquire Playdom Inc. for more than $500 million to get more involved in game play on social networks.

Disney is very serious about using Playdom to develop a bigger presence in games on social networking sites such as the hit game "Farmville".

The two companies have been in negotiations for over two months, but Playdom has scheduled a board meeting next week to decide whether to accept the buyout offer.

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