According to Business Wire, the Walt Disney Company has agreed to acquire Marvel Entertainment and its portfolio of 5,000 characters for $4 billion. The deal will be made in a stock and cash transaction, the companies announced Monday. The deal will be made final with approval by shareholders. The transaction price will be based on the closing price of Disney stock on Friday, which was $50 per Marvel share.
“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.
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 70 years in comic books, animation, television, film and merchandising.