Wizard Posted August 31, 2009 Share Posted August 31, 2009 Official Press Release Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters BURBANK, Calif. & NEW YORK, Aug 31, 2009 (BUSINESS WIRE) -- --Acquisition highlights Disney's strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (DIS) has agreed to acquire Marvel Entertainment, Inc. (MVL) in a stock and cash transaction, the companies announced today. Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration. 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." "We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation," Iger said. "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." Under the deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters. Mr. Perlmutter will oversee the Marvel properties, and will work directly with Disney's global lines of business to build and further integrate Marvel's properties. The Boards of Directors of Disney and Marvel have each approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, effectiveness of a registration statement with respect to Disney shares issued in the transaction and other customary closing conditions. The agreement will require the approval of Marvel shareholders. Marvel was advised on the transaction by BofA Merrill Lynch. http://www.comicbookresources.com/?page=article&id=22747http://kotaku.com/5349341/disney-buys-marvel-for-4-billionhttp://www.newsarama.com/comics/090831-dis...ire-marvel.html Link to comment Share on other sites More sharing options...
veristic Posted August 31, 2009 Share Posted August 31, 2009 Oh dear lord... This is bad. Well... I wonder if this may lead to more projects coming our at work but Disney is the worst fucking client imaginable so its hard to say. Link to comment Share on other sites More sharing options...
Wizard Posted August 31, 2009 Author Share Posted August 31, 2009 Actually it's been reported that Marvel will operate like Pixar (aka Disney being hands off). This benefits Marvel because now they can let Loeb do whatever the hell he wants with Rulk. Link to comment Share on other sites More sharing options...
veristic Posted August 31, 2009 Share Posted August 31, 2009 I see. Some more animated titles then? Maybe some new animated tv series' too. ;] Link to comment Share on other sites More sharing options...
The-Ice-Man Posted August 31, 2009 Share Posted August 31, 2009 Just wait for it, Mickey vs Wolverine, the ultimate battle. Mickey wins with the power of being so fucking annoying that Wolverine just leaves to get away from the bastard. Link to comment Share on other sites More sharing options...
KyokugenKiss Posted August 31, 2009 Share Posted August 31, 2009 you know....if LOVE to see Spider-Man in a Kingdom Hearts Video game Link to comment Share on other sites More sharing options...
veristic Posted August 31, 2009 Share Posted August 31, 2009 you know....if LOVE to see Spider-Man in a Kingdom Hearts Video gameThat could be a different game altogether. Marvel vs Square-Enix! Link to comment Share on other sites More sharing options...
The-Ice-Man Posted August 31, 2009 Share Posted August 31, 2009 If they really do start mixing Disney characters with Marvel characters then it really is time for the world to end. Link to comment Share on other sites More sharing options...
Shibathedog Posted August 31, 2009 Share Posted August 31, 2009 This seems odd, Why did they sell out to Disney? I thought Paramount/Viacom owned the rights to all the movies, and if anyone could have pushed the brand it would have been Sony (PS3, Spiderman, need I say more?) Doesn't Universal do something with theme parks and Marvell as well? Link to comment Share on other sites More sharing options...
emsley Posted August 31, 2009 Share Posted August 31, 2009 Disney are like any other busines now those days are gone. Link to comment Share on other sites More sharing options...
Skythe Posted August 31, 2009 Share Posted August 31, 2009 Just think, Deadpool in the Magic Kingdom. Sweet! Link to comment Share on other sites More sharing options...
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