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Disney acquires Marvel in $4 billion deal

Monday, 31st August 2009 14:48 GMT By Patrick Garratt

marvel

Holy shit. Disney’s announced it’s acquiring Marvel for around $4 billion. That’s roughly $50 per Marvel share, a 30 percent premium to Marvel’s current share price.

“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 Disney head Robert A Iger.

“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.”

Disney now owns over 5,000 Marvel characters. There may be some videogames involved.

PR after the break.

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.

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22 Comments

  1. Johnny Cullen

    Megaton! 8O :o

    #1 5 years ago
  2. rainer

    Holy megaton shit indeed!!!

    #2 5 years ago
  3. thyho

    Mickey and Wolverine helps jack against the giant on beanstalk.
    Nice , why they accepted
    this kind of business will fuck up with everything

    #3 5 years ago
  4. Johnny Cullen

    I can see Kingdom Hearts III having Spiderman trying to rescue Pooh from the Honey Tree.

    Just you wait.

    #4 5 years ago
  5. Kaufer

    FCCCKKKK!!!
    Now i can’t help but feel bad all week :(

    #5 5 years ago
  6. FeaturePreacher

    This sux. I guess there’s never going to be another violent Wolverine game thanx to that pathetic rodent factory. Moreover, I fear this means the toning down of Marvel comics from their violent and voluptuous past. I wonder if vg247 could get any word on any attempts by disney to pacify Marvel.

    #6 5 years ago
  7. Freek

    Disney do violence, they just release it under a different label.
    In this case that label would be Marvel.

    #7 5 years ago
  8. Cort

    FeaturePreacher,

    Not at all. Walt Disney Company subsidiaries have released many a violent movie for instance, e.g. the Buena Vista, Touchstone, Hollywood Pictures and Mirimax studios. All Disney.

    #8 5 years ago
  9. theevilaires

    O.M.F.G someone shoot me now before disney goes and destroys my childhood memories. this is bullshit if the end of the world is coming soon then let it happen now dammit.

    First michael Jackson

    now this

    then later tonight im going to finally buy a Xbox360!

    This shit is getting out of hand

    #9 5 years ago
  10. freedoms_stain

    I can’t wait to visit Marvel World at disneyland and have my picture taken with The Incredible Hulk mock battling Wolverine – classic.

    #10 5 years ago
  11. Spiral

    If there can be a Punisher and Archie crossover with both fully in character then I’m willing to bet everything will be fine.

    #11 5 years ago
  12. theevilaires

    why are people selling out their franchise left to right. Marvel is worth more than 4 billion easily. I don’t get it.
    What are so many people rushing to cash in on everything?

    Its like the super rich knows aliens will come to earth and if you have billions of dollars they won’t abduct you or something. WTF is going on man. If someone offered me 100 billions for marvel I still wouldn’t sell it.

    What cost 4 billion dollars that I need that I don’t have already?

    #12 5 years ago
  13. blackdreamhunk

    nice move on disney’s part, all they need is so really good game devs.

    #13 5 years ago
  14. pleasant_cabbage

    The ones behind Pure seemed capable.

    #14 5 years ago
  15. theevilaires

    it was a steal, marvel is worth more imo. oh well i guess i have to go back to disney world :(

    #15 5 years ago
  16. Kaufer

    So much for Marvel not making anymore crappy videogames.

    #16 5 years ago
  17. polygem

    duckman, mousewoman and Dr. little helper against phantom blot, black pete and the beagle boys…sigh

    #17 5 years ago
  18. blackdreamhunk

    I think that they should buy dc as well

    #18 5 years ago
  19. Uncontested

    this just in: Marvel becomes worthless with disney turning it into fluff and puff faggotry.

    #19 5 years ago
  20. DarkElfa

    Fuck NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!

    #20 5 years ago
  21. jnms

    @theevilaires, everyone is cashing in, because we are heading into a global depression that will last until at least 2015 to 2018. Don’t let the media kid you, the economy is far from recovering.

    Just watch what the people with money are doing. Cashing in, or transferring into gold, or else heading for Dubai. It’s all plain as day.

    #21 5 years ago
  22. SticKboy

    Wow, I guess this means that the old rivals Warner Bros. & Disney are now more equally pitched than ever before.

    #22 5 years ago

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