It’s A Deal! Disney Completes Acquisition Of Marvel!
Written by Wayne Hall on December 31, 2009 – 10:15 pm -
It’s official! Marvel Entertainment is now part of The Walt Disney Co., according to several news releases.
During a meeting held on Thursday, December 31, shareholders of Marvel Entertainment Inc., approved the company’s acquisition by Disney, the owners of Mickey Mouse and Donald Duck, as expected.
A spokesperson for Marvel, home of characters including Spider-Man, Thor and the X-Men, said the $4.3 billion acquisition was completed at the end of the day.
As a result of the deal, Marvel shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share they own. Disney shares traded midday Thursday at $32.49, up 21 cents on the day. That values Marvel shares at $54.25, just above their trading price of $54.19.
The deal is Disney’s largest since it purchased Pixar Animation Studios Inc., the maker of Up and Cars, for $7.4 billion in stock in 2006.
As reportedly previously, Disney’s chief executive has revealed that they may well develop some characters on television as opposed to movies. Its male focused channel Disney XD channel already airs for 25 hours of popular Marvel animated series, and has already broke into the cable market places of Japan and several European and Latin American countries.
Things apparently won’t change in the immediate future since Marvel Chief Executive Isaac “Ike” Perlmutter, who owns 37 per cent of Marvel stock, supported the acquisition and will continue overseeing the Marvel business.
Related posts:
- Disney looking To Gain From Obscure Marvel Characters
- Disney To Pay $4 Billion For Marvel Entertainment
- Sega Gives Thumbs Up To Disney & Marvel Merger
- Disney Buys Marvel – Thoughts From A Comic Book Academic
- Disney Buys Marvel – Good or Bad News?
Tags: Disney, Donald Duck, Isaac Perlmutter, Marvel, Mickey Mouse, Pixar, Spider-Man, X Men
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