The social-game service allegedly allowed children to register and share information in games without parental consent. The FTC has ordered Playdom to pay $3 million in fines.
The Mouse House, which already owns Club Penguin, announces plans to acquire this kingdom of play for $563.2 million, plus up to $200 million in performance-based earnouts.
After raising $43 million in venture funding and acquiring two smaller companies, it's no surprise that Playdom's days of running like a Web start-up are numbered.
Pretty Simple's Criminal Case is the Cinderella gaming story of the year, according to the social network.
Shortly after loosening its ties to Zynga, the social network puts a spotlight on Playdom and lets the game developer talk about how easy it was to develop on Facebook.
The move opens up a new source of recurring revenue for Facebook app developers.
Looking to strengthen the rules, the Federal Trade Commission is proposing revisions that include adding geolocation information to the definition of "personal information."
The Federal Trade Commission says W3 Innovations will pay the fine to settle charges that the company violated the Children's Online Privacy Protection Act.
Disney's track record with blockbuster buyouts is nothing short of magical. How will Lucasfilm fare? Ben Parr weighs in.
Acquisition of mobile payments provider expected to bolster PayPal's platform and reach.