The Walt Disney Company said Monday that it would buy the comic book giant Marvel Entertainment for about $4 billion.
Under the terms of the deal, Marvel shareholders will receive $30 a share in cash plus about 0.745 Disney shares for each Marvel share they own. The boards of both companies have approved the deal, which was valued at $50 a share.
With the acquisition, Disney will acquire more than 5,000 Marvel characters, including Spider-Man, Iron Man, Captain America, Hulk and the X-men.
“We believe that adding Marvel to Disney’s unique portfolio of brands provides significant opportunities for long-term growth and value creation,” the chief executive of Disney, Robert A. Iger, said in a statement.
Monday, 31 August 2009
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