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Published on GigaOM at 2:09 AM

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Did Club Penguin Sell-Up or Sell-Out?

I’m just as impressed as everyone else by Disney’s announcement Wednesday that it will pay as much as $700 million for the “tween” social networking site, Club Penguin. Impressed, because it’s a huge amount of money – $200 million more than what Sony and News Corp. were rumored to be bidding for the barely two-year-old Canadian company back in May.

Impressed, but not surprised...

Published on GigaOM at 2:09 AM

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