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The Walt Disney Company to Acquire Marvel Entertainment, Inc.
Monday, August 31st, 2009
Posted by forstComic Book Resources has the full press release announcing that The Walt Disney Company will acquire Marvel Entertainment, Inc. in a stock and cash transaction in which Marvel stockholders will receive $30 cash and 0.745 shares in Disney for each Marvel share they own. Disney President and CEO had this to say about the acquisition:
“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. Ike Perlmutter and his team have done an impressive job of nurturing these properties and have created significant value. We are pleased to bring this talent and these great assets to Disney.”
What does this mean creatively? Hopefully, not a thing. And although both Marvel and Disney have approved the transaction, there are still some hurdles to clear before Disney can officially purchase Marvel.
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