The Walt Disney Co. has agreed to acquire Marvel Ent. in a stock and cash transaction worth $4 billion.
Under the terms of the deal, Marvel shareholders would receive $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. Based on the closing price of Disney stock on Friday, the transaction value is $50 per Marvel share or approximately $4 billion.
The boards of both companies have approved the pact, which is subject to antitrust review and the approval of Marvel shareholders.Robert A. Iger, Mouse House prexy and CEO, said in a statement: "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."
-No idea if this is good or bad news yet...all depends on what happens to the product...Thoughts?