Latest news for 033bc19607000692aaa18c546d64f726.js?ver=1711645346
It's official. Acquisition season in the children's social networking world has begun. Moments ago 033bc19607000692aaa18c546d64f726.js?ver=1711645346, Disney acquired the wildly successful children's social networking site Club Penguin for $350 million dollars. launched its unique online service for children [033bc19607000692aaa18c546d64f726.js?ver=1711645346] in October 2005, just six months after another wildly successful social networking website for children, . This past June, Club Penguin reached 4. 7 million unique visitors to it site according to .
While the folks at Club Penguin have recently been in discussion with Sony regarding the sale of the company, negotiations broke down just a few short weeks ago with the technology giant.
There has been a buzz of activity related to social networking in the last year and we've yet to hear the end of it. What's noteworthy about this particular deal? Here are a few of my predictions:
- This is the first major acquisition in the children's social networking space. Plan to see similar acquisitions soon. 033bc19607000692aaa18c546d64f726.js?ver=1711645346
- many more social networking site for kids have launched in the last two months, with many more yet to be announced.
- So much activity is occurring in the kids' social networking environment, that this specific online 033bc19607000692aaa18c546d64f726.js?ver=1711645346 activity for children is positioned to become very crowded over the next six months.