Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters
BURBANK, Calif. & NEW YORK, Aug 31, 2009 (BUSINESS WIRE)- Acquisition highlights Disney’s strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value
Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (DIS) has agreed to acquire Marvel Entertainment, Inc. (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.
My personal comment:
Many people mistakenly think Marvel is going to ruin or turn in a child’s world, or in the comics will appear Disney characters mixed with the Marvel heroes. Impossible! Warner bought DC Comics and, did you ever seen Looney Tunes mixed with Justice League? OF COURSE NOT! Warner has respected the essence of DC, so will Disney with Marvel. Moreover, Marvel now has a powerful financial backing and distribution for all its future projects.
By the way, did you know that Touchstone Pictures, Hollywood Pictures and Miramax are divisions of Disney? Are they a child’s films? Not at all! I repeat: Disney will respect the original essence of their creators, and so will the "sons" of Stan Lee.
- Listening to: Radio Red FM
- Watching: Harry Potter Movies
- Playing: Indiana Jones (Classic XBOX)
- Eating: Tuna, salad, Quaker cookies
- Drinking: Coffee
DISNEY buys MARVEL COMICS!
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* * they excuse my English, it is that I am using a translator!! thank you for they understand..
Studio Link:
* http://www.deuxillustration.com
XD
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SUICIDAL ILLUSTRATOR!!!
THE WORLD'S SEXIEST KILLING MACHINE!!!
THE MISFIT TOY FROM X-MAS!!!
THE SIXTH BEATLE!!!
My Blog [link]
Twitter [link]
busquele bien entre sus watchers!!!
si lo watchiee desde el 2007!!!
pero como uno no es famoso pues.. XD
hahaha
me debe un scan de los monos del chucho!!!
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SUICIDAL ILLUSTRATOR!!!
THE WORLD'S SEXIEST KILLING MACHINE!!!
THE MISFIT TOY FROM X-MAS!!!
THE SIXTH BEATLE!!!
My Blog [link]
Twitter [link]
Espero tenme paciencia y los EMOS los voy a colorear, y antes de darlos de alta por aquí te los mando a tu correo, sas?
Ya te dí el watch!
Manténme al tanto de cómo te va en la chamba. que se me hace muy interesante!
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The fool says in his heart: "There is no God."
They are corrupt, their deeds are vile;
there is no one who does good.
-King David (Psalms 14 & 53)
espero suba un scan pronto igual k la coneja y la yoshimi k les trace a los manos de variopinto!!!
quiero UN pantera rosa!!!
XD
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SUICIDAL ILLUSTRATOR!!!
THE WORLD'S SEXIEST KILLING MACHINE!!!
THE MISFIT TOY FROM X-MAS!!!
THE SIXTH BEATLE!!!
My Blog [link]
Twitter [link]
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-- En comenzar un proyecto no esta el reto, sino en poderlo terminar --
-- Start an idea is not the challenge, finishing is it. --
--
The fool says in his heart: "There is no God."
They are corrupt, their deeds are vile;
there is no one who does good.
-King David (Psalms 14 & 53)
--
-- En comenzar un proyecto no esta el reto, sino en poderlo terminar --
-- Start an idea is not the challenge, finishing is it. --
--
The fool says in his heart: "There is no God."
They are corrupt, their deeds are vile;
there is no one who does good.
-King David (Psalms 14 & 53)
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