Disney buys kids network Togetherville
Los Angeles - The Walt Disney Co has acquired children's social network Togetherville for an undisclosed sum, as part of its strategy of investing more in social and mobile companies and less in creating console-based video games.
Togetherville is meant for children aged 6 to 10 and allows them to interact with the children of their parents' friends on Facebook. They can play games, watch videos, send pre-selected messages to their friends or have their comments vetted before being published.
The acquisition follows Disney's purchases of social gaming company Playdom for $563m and mobile music game maker Tapulous in 2010.
The company would not say how many people work at Togetherville or how many members it has.