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Disney Company is buying Marvel Entertainment for $4 billion

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A Quick Tip by drogoff

  • Sep 4, 2009
  • by
Thor plus WallE sounds good to me.
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Wiki

From The Hollywood Reporter:

Disney is purchasing Marvel for $4 billion. Disney said Monday that it will acquire the superhero factory in a cash and stock transaction that values each share of Marvel at $50, a 29% premium to where the stock closed Friday.

Disney will discuss the proposed transaction, which still needs regulatory approval, later Monday, when the companies will detail the fallout -- if any -- the merger will have on several films that Marvel's own studio has in the works based on characters such as Iron Man, Thor and Captain America.

"We'll take a look and see, but the bottom line is we like what they've been doing so far," Disney CFO Tom Staggs told The Hollywood Reporter.

Disney said it will pay $30 in cash plus about three-quarters of a Disney share for each share of Marvel. The payment consideration will fluctuate depending on the price of Disney shares so that not less than 40% of the price tag will consist of Disney stock.

"Disney stock is attractively priced and that's why it's important to Marvel," said Staggs.

Disney acquires ownership of 5,000 Marvel characters to be overseen by Marvel CEO Ike Perlmutter, who is charged with cherry-picking when and where they'll show up within Disney's vast empire, including online and in video games.

The move marks the second largest acquisition since Bob Iger replaced Michael Eisner as CEO of Disney and quickly purchased Pixar for $7 billion.

"We believe that adding Marvel to ...
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