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.

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.

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]

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.

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.

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]

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]

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]