Tag Archives: Playdom
Playdom-Disney Settles Litigation With Zynga
The Walt Disney Company (NYSE:DIS) and their subsidiary Playdom has settled a lawsuit with Zynga. Zynga sued Playdom for misappropriation of trade secrets, breach of contract, breach of the duty of loyalty, tortious interference with contracts, etc. The defendants in this lawsuit also includes four ex-Zynga and some Playdom employees.
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Categories Playdom, Reggie Davis, The Walt Disney Company, Zynga
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Disney Announces Acquisition Of Social Gaming Company Playdom
The Walt Disney Company (NYSE: DIS) has announced the acquisition of gaming company Playdom for a deal that is worth as high as $763.2 million. Two hundred million dollars of the deal is connected to a performance-linked pay-out.
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Categories Playdom, The Walt Disney Company
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Playdom Raises $33 Million From Multiple Investors
Playdom has raised $33 million from Bessemer Venture Partners, Steamboat Ventures, and New World Ventures. No word yet on what Playdom plans to do with the funding, but I would not be surprised if it will be used for additional acquisitions. Playdom’s biggest competitor Zynga raised large sums of funding and launched a new game called FrontierVille. [paidContent]
Playdom Buys Out Acclaim Games
Social gaming company Playdom has acquired Acclaim Games. The terms of the acquisition were not disclosed. Acclaim is known for building MMORPG games. Acclaim developed a Facebook game called RockFree and planned due to release another game this summer.
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Categories Acclaim Games, Howard Marks, Neil Malhotra, Playdom
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Playdom Acquires Merscom Games
Social gaming company Playdom has acquired Merscom Games. Playdom was highly interested in Merscom’s talent and assets. Merscom started 16 years ago and developed about 250 games in total and 30 casual games for TV networks, food companies, parks, etc.
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Categories Merscom Games, Playdom
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Three Melons Gets Acquired By Playdom
Playdom has acquired Three Melons, an online gaming startup company based in Argentina. One of Three Melons’s most famous Facebook applications is soccer game Bola. Playdom expects that they will “become one of the top sports applications on the Facebook platform” through the acquisition.
Mountain View, California based Playdom has about $43 million in funding. They also recently acquired Offbeat Creations, Green Patch, and Trippert Labs. Playdom is also an investor in MetroGames. [paidContent]
Categories Playdom, Three Melons
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MetroGames Receives $5 Million From Playdom
MetroGames is a social gaming company in Argentina that has just raised $5 million in Series A funding from Playdom. The funding will be used to expand the development of games.
MetroGames has about 30 games in their network. Playdom CEO John Pleasants will be joining the MetroGames board of directors as part of the deal. Playdom has about $43 million in funding at a $260 million valuation. [TechCrunch]
Categories John Pleasants, MetroGames, Playdom
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Playdom Buys Social Gaming Company Offbeat Creations
Playdom is a social gaming company that has acquired another gaming company called Offbeat Creations. The terms of the deal were undisclosed. Offbeat Creations develops a popular application called Super Farkle. Playdom’s line of games include Sorority Life, Mobsters 2, Tiki Resort, etc. Playdom raised $43 million and has a $260 million valuation. [TechCrunch]
Categories Offbeat Creations, Playdom
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Christa Quarles Hired As CFO Of Playdom
Christa Quarles was a research analyst with Thomas Weisel. However there is a report that she has joined social gaming company Playdom as the company’s new CFO. Last year Quarles was ranked the fifth best brokerage analysts by Forbes. This indicates that Playdom is either interested in a buyer or is planning to go public sometime in the near future.
Playdom competitor Playfish sold to EA for $400 million. Another Playdom competitor Zynga.com is making hundreds of millions in revenues every year. Playdom’s business model has been proven by these two rivals. Playdom themselves raised $43 million in funding. The company is also inching towards $60 million in revenues this year.
Categories Christa Quarles, Playdom, Playfish, Thomas Weisel, Zynga
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Playdom Raises $43 Million, Receives $260 Million Valuation, Buys Out Trippert Labs and Green Patch Inc.
Playdom is one of the biggest competitors of Playfish, a virtual application company that was acquired by EA for $400 million earlier this week. Given that Playdom is one of the very few remaining large virtual application companies, investors want to get in on their business model. Playdom raised $43 million based on a $260 million valuation.
In terms of revenue, TechCrunch speculates that they are making $60 million per year. The participants in the $43 million round of funding was Lightspeed Venture Partners, Norwest Venture Partners, Rick Thompson, and New Enterprise Associates.
While Zynga and Playfish focus on Facebook for selling virtual items within game applications, Playdom focuses more on MySpace. Mob Wars has about 14 million users on MySpace and the company as a whole has about 28 million monthly game players. About 60% of the traffic is from MySpace and 40% is from Facebook.
In terms of payments, Playdom makes 70% from direct payments, 10% from advertising, and 20% from third party offers. Playdom is based out of San Francisco and doubled their employee count over the last couple of months to 110 people.
Now that Playdom has a lot more money in the bank, they have decided to go on an acquisition binge. Playdom acquired Green Patch Inc., a Facebook application company and Trippert Labs, an iPhone application company. Green Patch made a garden simulation application on Facebook and has about 1.5 million monthly application users. Trippert Labs created several iPhone applications such as MobAir: Pilot Training and Blowfish.