Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

Disney to Buy Marvel for $4B

By the Associated Press

Posted Aug 31, 2009 8:35 AM CDT

(AP) – The Walt Disney Co. says it is acquiring Marvel Entertainment for $4 billion in cash and stock, bringing characters like Iron Man and Spider-Man into the Disney family. Under the deal, Disney will acquire ownership of 5,000 Marvel characters. Marvel shareholders will receive $30 per share in cash plus 0.745 Disney shares for every Marvel share they own, Disney reports.

The boards of Disney and Marvel have both approved the transaction, but it requires an antitrust review and the approval of Marvel shareholders.

This illustration released by Marvel Comics, shows comic book hero Captain America from the Ultimates universe.
This illustration released by Marvel Comics, shows comic book hero Captain America from the Ultimates universe.   (AP Photo/Marvel)
In this July 24, 2008 file photo, Marvel Comics Incredible Hulk looms over attendees at the Comic-Con 2008 convention in San Diego.
In this July 24, 2008 file photo, Marvel Comics "Incredible Hulk" looms over attendees at the Comic-Con 2008 convention in San Diego.   (AP Photo/Denis Poroy, file)
In this photo released by Marvel Entertainment, Iron Man is shown in his Mark III armor in a scene from  Iron Man.
In this photo released by Marvel Entertainment, Iron Man is shown in his Mark III armor in a scene from "Iron Man."   (AP Photo/ Marvel Entertainment, Zade Rosenthal)
Marvel properties Iron Man, The Incredible Hulk, Captain America and Thor.
Marvel properties Iron Man, The Incredible Hulk, Captain America and Thor.   (Graphic: Business Wire)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 3 of 5 comments
Shannonals
Sep 1, 2009 3:31 AM CDT
Terrible move by Marvel comics
cognitivefilter
Aug 31, 2009 7:12 AM CDT
WASTE of money, corporate pigs trying to wrestle each other. i hate stories like this. ted turner bought a mountain in montana. ugh.
Aaarrrggg
Aug 31, 2009 5:31 AM CDT
I hope this doesn't spell an end for animated films like Hulk vs Wolverine. That was one bad ass cartoon; so much blood and Deadpool done *right!* :) I don't mind if Disney just fund/profit from them but keep the Mavel name in there so they can stay a bit more edgy than your usual Disney flick.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

More Newser Stories

Marvel Kills Spider-Man (Sort Of)

New Moon Vamps to $141M Haul

Marvel Fans on Disney Deal: 'SOOOO NOT HAPPY!'

Disabled Identify With Heroes at Comic-Con

'Geeks Have Won': Hollywood Gaga Over Comics


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne