Disney completes Marvel acquisition

Samantha Loveday

By Samantha Loveday

January 1st 2010 at 4:42PM
Disney completes Marvel acquisition

Marvel becomes wholly-owned subsidiary of Disney after $4.3 billion deal approved.

Originally revealed back in August 2009, The Walt Disney Company has completed its acquisition of Marvel Entertainment.

“We’re thrilled to welcome to the Disney family the talented team at Marvel,” said Robert Iger, president and CEO of The Walt Disney Company. “We believe the creative and business potential of this combination is substantial and can help us grow both our top and bottom line, leading to a significant increase in long-term shareholder value.”

Under the terms of the agreement and based on the closing price of Disney on Thursday, December 31st 2009, Marvel shareholders will receive a total of $30 a share in cash plus approximately 0.7452 Disney shares for each Marvel share they own.

Marvel’s assets include a library of over 5,000 characters featured in a variety of media over 70 years and businesses including licensing, movie production and publishing.