Confirming recent rumors, the Walt Disney Co. has announced an agreement to buy social game developer Playdom (Social City, Sorority Life) for as much as $763.2 million. As part of the acquisition deal, Playdom’s shareholders will receive “total consideration” of $563.2 million, which is subject to certain conditions. Disney also promises a “performance-linked earn-out” of up to $200 million, though it did not outline its goals for that bonus. The media conglomerate says that this …

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Disney To Buy Social Dev Playdom For $763 Million