Well there goes the Avengers movie.
--- On Mon, 8/31/09, ravenadal <ravena...@yahoo.com> wrote:
From: ravenadal <ravena...@yahoo.com>
Subject: [scifinoir2] Disney to buy Marvel Entertainment for $4 billion
To: scifinoir2@yahoogroups.com
Date: Monday, August 31, 2009, 9:56 AM
This is Christmas early for the stock holders at Marvel Entertainment. It is
the death knell for a lot of great characters.
~(no)rave!
August 31, 2009, 9:27 am
Disney to Buy Marvel Entertainment for $4 Billion
The Walt Disney Company said on Monday that it has agreed to buy Marvel
Entertainment, bringing together the house of Mickey Mouse with the publisher
of Spider-Man, for $4 billion in cash and stock.
Under the terms of the deal, Disney will pay $30 a share in cash and .745
Disney shares for every Marvel share, with no less than 40 percent of the deal
being made in stock. Disney valued the deal at $50 a share as of the companies'
share prices on Friday.
Isaac Perlmutter, Marvel's chief executive, will continue to oversee his
company's properties, including more than 5,000 characters that also include
Iron Man and the X-Men.
Marvel has had a string of successful movies based on its characters, which
analysts have praised in part for the company's taking an active role in their
production.
"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, "
Robert A. Iger, Disney's chief executive, said in a statement.
"Disney is the perfect home for Marvel's fantastic library of characters given
its proven ability to expand content creation and licensing businesses," Mr.
Perlmutter said.
