We all know what Disney is and of course Marvel… you know, x-men, spiderman and other super heroes.. well, here’s the top story of today… The Walt Disney Company has announced it will acquire Marvel Entertainment, Inc. in a stock and cash transaction worth 4 billion dollars.
Disney will pay Marvel shareholders a $30 per share, plus approximately 0.745 Disney shares for each Marvel share they own, based on the closing price of Disney on August 28, 2009. What makes this deal huge, as far as content goes, is the fact that under the terms of the deal, Disney will acquire ownership of not only Marvel itself, but also over than 5,000 Marvel characters. Disney will now benefit from any movie or a game based on characters such as Iron Man, Spider-Man, X-Men and many others; extending its reach to the young male population it had somewhat neglected will definitely be good for the entertainment giant.
Ike Perlmutter, Marvel’s Chief Executive Officer said that “Disney is the perfect home for Marvel’s fantastic library of characters given its proven ability to expand content creation and licensing businesses.”
“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,” said Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company.
This post was ‘borrowed’ from Mashable but you can Read the official announcement here.