02-03-2008, 01:59 PM
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#24 (permalink)
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Super Moderator
Join Date: Nov 2007
Location: Like im gonna tell you!
Posts: 3,016
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Its true. Look what I got on the web.
Quote:
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Originally Posted by virtualworldnews
Disney Acquires Club Penguin for $700 Million
Club Penguin will now be called Disney's Club Penguin, the companies announced today. There have been rumors about another player in the ring ever since Sony backed out of its potential $500 million deal to buy Club Penguin. Disney, apparently, stepped into the ring. There's no number mentioned, but PaidContent is reporting the deal as "a cash payment of $350 million and an opportunity to earn out an additional $350 million between now and 2009" based on a conversation with Disney CEO Bob Iger. While "Disney plans no immediate changes to the operation or business model of Club Penguin," the release also add plans for expansion:"By leveraging Walt Disney Internet Group resources and experience, Club Penguin plans to create international versions in Europe and Asia, as well as in the Americas." Disney has been busy in the virtual world space, announcing a virtual world network over the Nintendo DS, switching ToonTown to an ad-supported model, and, included in this release, working on Disney Fairies, an online world for girls based on DisneyFairies.com.
The Walt Disney Company Acquires Club Penguin'
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