Walt Disney Acquisitions Marvel Finish $ 4, 24 M
Company Info October 7th, 2009
Walt Disney Co. has completed its acquisition of Marvel Entertainment Inc. with a value of $ 4, 24 billion.
Thus, icons such as Spider-Man, Iron Man and five thousand other characters belong to Marvel, will be joined by Mickey Mouse and Donald Duck at Walt Disney.
“The acquisition would make Disney’s revenue and profit growth. Because of the creativity and potential business combination subtansial is,” said chief executive Isaac Perlmutter Marvel (Ike) as quoted by the Associated Press (AP), Friday (1/1/2010).
The transaction is completed earlier than expected, namely at the local time Thursday. It turned out that Ike, which has about 37 percent of Marvel, supports the transaction. The reason, pascaakuisisi complete, Ike will lead a business unit of Marvel, and will report directly to the CEO of Disney, Robert Iger.
Associated with such dealings, Marvel shareholders will receive $ 30 per share, plus 0.7452 shares of Disney for each share owned Marvel.
The transaction is the largest transaction since the Disney acquisition of Pixar Disney Animation Studios Inc., which is valued at $ 7, 4 billion in 2006.
Not only that, Disney will also take as many as 10 percent of the shares of the POW! Entertainment Inc. with a value of $ 2, 5 million.
The company is a company led by makers character Spider-Man, Stan Lee. He said it was building a three-year relationship with Disney, by giving greater rights to the creative output and exclusive consulting services.
