Disney to buy Marvel for $4 billion

myversa

Saw this on CNBC this morning. What do you think?

http://money.cnn.com/2009/08/31/news...ion=2009083110

NEW YORK (CNNMoney.com) -- The Walt Disney Co. announced Monday that it has agreed to purchase comic book and action hero company Marvel Entertainment for about $4 billion.

If Marvel shareholders approve the deal, they would receive $30 per share in cash and 0.745 shares of Disney for each share of Marvel that they hold. The deal is valued at $50 per Marvel share, more than a 29% premium, based on Friday's closing price.

"We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation," said Disney Chief Executive Robert Iger, in a statement.

Marvel has launched a large number of action-hero movies over the past decade. Last summer's "Iron Man" blockbuster was the first to be fully financed and produced by by the comic book company.

Marvel also holds the rights to 5,000 popular action hero characters, including Spider-Man, the X-Men, the Fantastic Four and Thor.

"Disney is the perfect home for Marvel's fantastic library of characters given its proven ability to expand content creation and licensing businesses," said Marvel Chief Executive Ike Perlmutter. "This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney's tremendous global organization and infrastructure around the world."

Shares of Marvel (MVL) soared 27% in morning trading. Shares of Disney (DIS, Fortune 500) were flat. To top of page
First Published: August 31, 2009: 9:49 AM ET

Source: CNN Money

puZZle

I can't help but imagining wolverine with mickey ears

shutterbug

Cool...so Disneyland will have "Marvel  play area" for adults??? LOL

4 bil I think that's kind of cheap

myversa

I can't help but imagining wolverine with mickey ears
puZZle 發表於 2009-8-31 11:25

tiffiant

woaoowowoawaow
;LOL
:lol:lol:lol

Sakura

Nooo...dun ruin my Disney...>.<"

pkphilip

Apparantly Marvel is making more "licensing royalties" than say a Disney character. Bloomberg has a very good article talking about the transaction today that is worth reading if those who are intersted in the reason behind such move - business is there to make money.

http://www.bloomberg.com/apps/ne ... mp;sid=aQz4V67krUXY

Philip

布小熊

Oh no.... Don't ruin my Marvel......

myversa

marvel vs capcom and next will be
MARVEL VS DISNEY...

pkphilip

I can imagine Mickey mouse beating up Wolverine. :-)

Philip