Why is Club Penguin a part of Disney?

Club Penguin is now owned by Disney because it was bought by Disney for $700M in late 2007. Many older Club Penguin users are angry about the purchase, as Disney introduced a lot more things including: 'The Stage', Wigs to dress your penguin avatar, and so on. I don't want to be bias, but I personally think the older version of Club Penguin was better. Does this help?(: Disney also RUINED club penguin by catalogs, free things, and much much MORE. DISNEY IS STUPID!