Disney to buy Marvel for $4 billion

The Walt Disney Co. has agreed to acquire Marvel Ent. in a stock and cash transaction worth $4 billion.

Under the terms of the deal, Marvel shareholders would receive $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. Based on the closing price of Disney stock on Friday, the transaction value is $50 per Marvel share or approximately $4 billion.

Disney will acquire ownership of more than 5,000 Marvel characters, including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor.

The boards of both companies have approved the pact, which is subject to antitrust review and the approval of Marvel shareholders.

Robert A. Iger, Mouse House prexy and CEO, said in a statement: “This transaction combines Marvel’s strong global brand and world-renowned library of characters including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor with Disney’s creative skills, unparalleled global portfolio of entertainment properties, and a business structure that maximizes the value of creative properties across multiple platforms and territories.”

'Iron Man'Disney will acquire ownership of 5,000 Marvel characters, including Iron Man.

Source :

http://www.variety.com/article/VR1118007932.html?categoryid=13&cs=1&nid=2562

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