The Walt Disney Company has announced a cash and stock purchase agreement with Marvel Entertainment (which will still need Marvel shareholder agreement) that has been valued at 4 Billion Dollars and should see a very interesting future for both the movie and comic world.
Via NYTimes
“We believe that adding Marvel to Disney’s unique portfolio of brands provides significant opportunities for long-term growth and value creation,” Robert Iger, Disney’s chief executive, said in a statement announcing the deal.
“Disney is the perfect home for Marvel’s fantastic library of characters given its proven ability to expand content creation and licensing businesses,” said Ike Perlmutter, Marvel’s chief executive officer. “This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney’s tremendous global organization and infrastructure around the world.”
Under the terms of the deal, Disney will pay $30 a share in cash and 0.745 Disney shares for every Marvel share, with Disney stock accounting for no less than 40 percent of the deal value. Disney valued the deal at $50 per Marvel share, based on the companies’ closing share prices on Friday.
Image via EatSleepGeek
