Disney Acquires Comic Book Giant Marvel For $4B
Two public media companies who have made big money from cartoons announced a huge deal today.
The Walt Disney Co. (DIS) announced today that it will acquire Marvel Entertainment Inc. (MVL) — including its portfolio of more than 5,000 characters — for $4 billion in stock and cash. Marvel shareholders will receive $30 in cash per share plus about 0.745 in Disney shares, the companies said.
In a conference call about the deal this morning, Disney CEO Robert Iger said the deal would help build shareholder value and strengthen Disney’s position worldwide.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in