Walt Disney to acquire Marvel Entertainment for $4 Billion
Walt Disney Co. announced on Monday (August 31) that it will acquire Marvel Entertainment for $4 Billion in a stock and cash transaction.
The purchase will be 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.”
In this deal, Walt Disney will acquire ownership of Marvel including more than 5,000 of its characters.