playdom

An online social gaming company owned by the Walt Disney Co. and one of its top executives have agreed to pay a $3 million penalty to settle Federal Trade Commission charges they illegally amassed and divulged personal information from hundreds of thousands of children without their parents'...

Disney is appointing two co-presidents of Interactive Media Group to fill the shoes of long-time leader Steve Wadsworth, who resigned last month.

Disney is snapping up social networking games developer Playdom in a deal worth up to $563.2 million, it announced Tuesday. The transaction, will bolster Disney's digital gaming lineup and give it a greater presence on such social networking sites as Facebook and MySpace.

The deal would be a bid by Disney to increase its presence in social network games. Disney could use Playdom to incorporate some of its iconic brands and characters into social network gaming.