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Disney Buys $700M Worth Of Penguins

Written on
August 2nd 2007
Author
Sarah Novotny

The Walt Disney Company has announced its acquisition of the adorable virtual world/social networking portal favorite, Club Penguin for $350 million. The company has created an incentive of $350 million in addition to the initial buy through 2009 depending on the growth of Club Penguin’s revenue. The club will be renamed [...] more...



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