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Zynga And Playdom Reach Trade Secrets Settlement

Social gaming giant Zynga has announced that it has settled its lawsuit against rival firm Playdom.

According to AFP, in a joint statement, the companies said that their issues were finally resolved and that the legal charges had been dropped.

During the lawsuit, which was filed by Zynga last year in a California state court, the company accused Playdom of stealing its game ideas and convincing its employees to pass on critical trade secrets.

Playdom, the social game developer behind popular Facebook games like "Social City," "Sorority Life," "Market Street" and "Bola", was recently acquired by Disney for $763 million to fuel its social gaming efforts.

Zynga general counsel Reggie Davis told the AFP that: “Zynga is extremely pleased with the final resolution of its trade secret suit against Playdom and various individuals. We have great respect for Disney and are thankful that following its acquisition of Playdom, Disney resolved the matter to our satisfaction.”