Connect with us

Hi, what are you looking for?

New Products

Disney Acquires Marvel Entertainment for $4 Billion

588554.jpg

Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters

Acquisition highlights Disney’s strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value

Marvel

Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (NYSE:DIS) has agreed to acquire Marvel Entertainment, Inc. (NYSE:MVL) in a stock and cash transaction, the companies announced today.

Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration.

Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.

“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 and Chief Executive Officer of 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.”

“We believe that adding Marvel to Disney’s unique portfolio of brands provides significant opportunities for long-term growth and value creation,” Iger said.

“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 deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters. Mr. Perlmutter will oversee the Marvel properties, and will work directly with Disney’s global lines of business to build and further integrate Marvel’s properties.

The Boards of Directors of Disney and Marvel have each approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, effectiveness of a registration statement with respect to Disney shares issued in the transaction and other customary closing conditions. The agreement will require the approval of Marvel shareholders. Marvel was advised on the transaction by BofA Merrill Lynch.

About The Walt Disney Company
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, interactive media and consumer products. Disney is a Dow 30 company with revenues of nearly $38 billion in its most recent fiscal year.

Advertisement. Scroll to continue reading.

About Marvel Entertainment, Inc.
Marvel Entertainment, Inc. is one of the world’s most prominent character-based entertainment companies, built on a library of over 5,000 characters featured in a variety of media over seventy years. Marvel utilizes its character franchises in licensing, entertainment (via Marvel Studios and Marvel Animation) and publishing (via Marvel Comics).

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Chord Company Clearway HDMI AOC Cable

Audio Cables

At $160 to $500, this hybrid HDMI cable uses copper and optical to deliver 48 gbps of performance in long lengths up to 20...

Roksan Caspian 4G Integrated / Streaming Amplifiers Roksan Caspian 4G Integrated / Streaming Amplifiers

Integrated Amps & Stereo Receivers

The new Roksan Caspian 4G Integrated Amplifier arrives at $3,750, while the Caspian 4G Streaming Amplifier will set you back $5,000.

Cambridge Audio EXN100 Network Streamer and EXA100 Integrated Amplifier Front Angle Cambridge Audio EXN100 Network Streamer and EXA100 Integrated Amplifier Front Angle

Amplifiers

Cambridge Audio introduces the EXA100 stereo integrated amplifier for $2,199 and the EXN100 Network Music Streamer for $1,799.

DALI IO-8 Wireless Headphone in Caramel White worn on woman profile view right lifestyle DALI IO-8 Wireless Headphone in Caramel White worn on woman profile view right lifestyle

Headphones

At $900, the DALI IO-8 wireless headphones claim audiophile noise cancellation but they're not the Danish brand's most expensive model.

Bang & Olufsen Ferrari Collection 2024 Bang & Olufsen Ferrari Collection 2024

New Products

Bang & Olufsen expands its Ferrari Collection with an ultra luxury TV, soundbar and active loudspeaker.

FiiO KA15 'Cassette Player' Dongle DAC FiiO KA15 'Cassette Player' Dongle DAC

Dongle DACs

At $109, the FiiO KA15 is a retro inspired dongle DAC that looks like a mini cassette player, but there's no tape involved.

Gift Ideas?

Amazon Prime Day Gift Guide 2024

Gift Guides

If you missed Amazon Prime Day there are still some of great deals on SVS 16-Ultra subwoofers, Roku Pro TVs and more.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers