Thursday, September 11, 2008

Disney/ESPN Looking at Video Game Acquisitions; Thought About Purchasing Bebo

The Disney chief emphasised that he had earmarked about $250 million (£142million) to $300 million for acquisitions in video games and said that the company was looking “at companies that fit well within the Disney or ESPN brands” that have “a foot[hold] into new technologies”. Mr Iger hinted that Disney had taken a brief look at Bebo, the social networking site, which was acquired by AOL in March. He emphasised the group's interest in social networks, saying that the model sat well with Disney.

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