Playdom acquires Hive 7 in bid to buy its way to the top
Playdom acquires yet another social games developer. This time, it's Hive 7, for an undisclosed according to TechCrunch. Hive 7 is best known as the developer of Knighthood, a combat diplomacy game. Acquiring game studios to grow is a good strategy when your valuation is high as Playdom's is now and is also a good way to hire talent. However, it is also a strategy fraught with risk.