Huge news in the comic world came today in the form of a press release from The Walt Disney Company, which is set to acquire Marvel Entertainment, Inc. in a stock and cash transaction of $4 billion. With the move, Disney acquires ownership of more than 5,000 Marvel characters, including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor.
Marvel’s Chief Executive Officer Ike Perlmutter will oversee the Marvel properties as part of the deal.
Both the Marvel and Disney boards of directors have approved the transaction, but the deal is subject to clearance of antitrust and merger control regulations. The agreement also requires the approval of Marvel shareholders.
For those with stock interests in the companies, it was announced that Marvel shareholders are to receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own, pending approval and timing of the agreement.
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