Main | Tuesday, September 01, 2009

Disney Buys Marvel Comics

The Walt Disney Company has purchased Marvel Comics for $4B.
Disney said on Monday that it would pay cash and stock to acquire Marvel, the comic book publisher and movie studio whose library of 5,000 characters includes some of the world’s best-known superheroes: Spider-Man, the X-Men, Thor, Iron Man and the Fantastic Four. The deal was valued at about $50 a share, a 29 percent premium. On Monday, Marvel shares shot up 25 percent to $48.37. Marvel has forcefully exploited its most popular characters through motion pictures, video games and consumer products. But Disney sees an opportunity to plug Marvel into its vaunted global marketing and distribution system.
Coming soon: The Incredible Hulk Vs. Hannah Montana.

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