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Disney to Buy Marvel for $4B

Posted Aug 31, 2009 by Michael Bitton

Disney to Buy Marvel for $4B

The Walt Disney Company has inked themselves a pretty sweet deal. For only four billion dollars, they get to own all of Marvel Entertainment! Yep, it's true. Disney has agreed to buy Marvel; which both companies' boards have approved, so all that's left is approval by Marvel's shareholders. Getting the approval of shareshoulders shouldn't be much of a hurdle, seeing as they will stand to receive $30 for every share they own in the deal, or a 29% premium.

Marvel had this to say on the deal:

"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."

Disney's take below:

"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."

So what's this doing here at Well, besides this being ginormous news, there is the revived Marvel MMOG project being developed over at Gazillion Entertainment to consider. Anyone looking forward to fighting Mysterio as Mickey Mouse?!

Do you think this deal will have any significant impact on Marvel franchises from a consumer's standpoint? Or more specifically, do you think this news will affect the development of the Marvel MMOG? Let us know what you think in the comments below!

Michael Bitton / Michael Bitton / Michael began his career at the WarCry Network in 2005 as the site manager for several different WarCry fansite portals. In 2008, Michael worked for the startup magazine Massive Gamer as a columnist and online news editor. In June of 2009, Michael joined as the site's Community Manager. Follow him on Twitter @eMikeB

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