Walt Disney Pays USD 4 B for Marvel EntertainmentWorld | August 31, 2009, Monday // 17:22| views
The deal means Disney will take over ownership of 5 000 Marvel characters, such as Spider-Man and the X-Men. Photo by tonnerdoll.com
Entertainment giant Walt Disney is to buy Marvel Entertainment in a shares and cash deal valued at USD 4 B.
The deal means Disney will take over ownership of 5 000 Marvel characters, such as Spider-Man and the X-Men.
Marvel shareholders will get USD 30 per share in cash plus 0,745 Disney shares for every Marvel share owned.
The boards of Disney and Marvel have both approved the deal, which now needs the backing of Marvel shareholders and competition authorities.
Marvel shares were ahead USD 10,17, or 26%, to USD 48,82 shortly after the market opened. Disney shares fell 47 cents, or 1,8%, to USD 26,37.
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