Xconomy San Francisco

Walt Disney Co. Acquires Playdom for $763,200,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=661fb329-ce1e-4a0d-b998-989cbf773496&Preview=1
Date
7/27/2010
Company Name
Playdom
Mailing Address
100 West Evelyn Avenue Mountain View, CA 94041
Company Description
We boast the #1 game on MySpace—Mobsters—and three of the top four applications. But it doesn’t stop there. Fueled by explosive growth on Facebook and an expanding pipeline of new games and features, we may be the fastest growing social gaming company on the planet. How do we do it? We’re obsessed with one thing: our players.
Website
http://www.playdom.com
Transaction Type
M&A
Transaction Amount
$763,200,000
Transaction Round
Proceeds Purposes
M&A Terms
Playdom shareholders will receive total consideration of $563.2 million, subject to certain conditions, and a performance-linked earn-out of up to $200 million.