Disney To Acquire Marvel
August 31st, 2009
The Walt Disney Company has agreed to acquire superheroes stable Marvel Entertainment and its portfolio of over 5,000 characters in a stock and cash transaction.
Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion (£2.46b). Under the terms of the agreement, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own.