Disney to Buy Marvel for $4B

By Newser Editors and Wire Services
Posted Aug 31, 2009 8:35 AM CDT
This illustration released by Marvel Comics, shows comic book hero Captain America from the Ultimates universe.   (AP Photo/Marvel)
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(Newser) – 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.

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