Entertainment major Walt Disney company will acquire Marvel Entertainment, Well known for comics of super heroes, for an estimated $4 billion in a cash and stock deal. Walt Disney said that based on the closing price of its stock on August 28, The transaction was valued of $50 per Marvel Share. "This transaction combines Marvel's strong global brand and world-renowned library of characters included Iron Man, Spider-Man, X-Men, Captain America, Fantastic 4 and Thor with Disney's creative Skills." Walt Disney's president and Chief Executive officer Robert A. Iger Said.
Under the Deal, Disney would acquire ownership of Marve including its more than 5,000 characters.
After the deal is sealed, shareholders of Marvel will receive $30 per share in cash with 0.745 Disney shares for every Marvel Share.
0 comments:
Post a Comment