Monday, August 31, 2009

Disney Buys Marvel

Yep! I was watching Bloomberg and they just announced that Disney just bought Marvel for $4 Billion!!!

disney buys marvel


disney bought marvel

According to Disney, Marvel characters will live on their own.

Marvel investors will get $30 plus 0.745 Disney share for every Marvel share held

"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," said Robert A. Iger, President aof The Walt Disney Company. "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."

- Elisabeth Rappe

More updates soon.
Twits about Disney