” Disney has purchased gaming developer Playdom for $563 million, plus an additional $200 million if the developer meets undisclosed performance metrics, the two companies said Tuesday.”
More coverage from:
The New York Times ” As social games becomes a more crowded and difficult field — several hundred new games are introduced on Facebook weekly and most go nowhere — brands that can be used as the basis for titles are becoming more important.”
Bloomberg ” Disney plans to make more acquisitions, Iger said, without being specific.”
PaidContent ” Pleasants also said the deal is structured so that Playdom’s shareholders will only get the $200 million earnout if its results are “very accretive” to Disney”
San Francisco Business Times ” Playdom, which has 15 game development studios, including one in San Francisco, will remain headquartered in Mountain View.”
TechCrunch – Michael Arrington provides the official Press Release (TechCrunch originally broke the story last week).
And…why not keep the old pre-announcement posts up for even more insight.
Rumors continue to circulate that Disney is about to become a serious player is the social gaming industry by acquiring Playdom for approximately $500 – 600 Million. Articles and analysis from:
The Los Angeles Times ” Disney is already an investor in Playdom through its venture capital fund, Steamboat Ventures, and recently participated in a $33-million financing round.”
TechCrunch ” Disney has exceptional brands, from characters to movies, that can benefit from having social games being built around them.”
MediaPost ” Some sources have said the deal is signed and in the closing process. Others say it hasn’t been signed yet and could still unravel.”
VentureBeat ” If the deal comes to fruition, it would kick the already-overheating social game market into high gear.”
Games.com – The Blog ” Disney is rumored to be days away from inking a deal with social game publisher Playdom for somewhere in the ballpark of $500 million.”