Disney Interactive Reports Q2 Losses, Including $34 Million Charge for Playdom Acquisition
The Walt Disney Corporation reported an operating loss of $115 million in its Interactive Media segment, which includes social game developer Playdom, for its second quarter ended on April 2, 2011.
That figure includes a $34 million accounting charge for the Playdom acquisition, which Disney says will continue to impact the Interactive Media segment’s results for the rest of the year. Disney acquired Playdom in late July of 2010 for $563.2 million with a $200 million earn-out.
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