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Nickelodeon Adding Virtual Worlds

Nickelodeon is developing a virtual world based on the popular animated series "SpongeBob SquarePants."The virtual world will feature games, avatars, and social networking connected to the series. The network is also expected to launch Monkey World, a social networking and massive multiplayer game that is an original concept that is not associated with any of its current franchises.

New Nickelodeon/MTVN Buy Caters To Expecting Parents

Corporate ownerships and small sites are branching off this deal in every direction.  Still, to reach towards the top level of the matter, MTV Networks has acquired Babunga's "online family network" for an undisclosed amount.