Disney Buy Marvel Comics For $4,000,000,000
I understand that there will be an investor conference call taking place in three quarters of an hour at 10:15am EST.
Marvel shareholders are to receive a total of $30 in cash plus a three quarters of a Disney share for each share they own. That would be a total of $50 a share, based on Friday values.
PR quote from Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company goes as follows;
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. 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"
Isaac Pelmutter, Marvel's CEO gave his line;
Disney is the perfect home for Marvel's fantastic library of characters given its proven ability to expand content creation and licensing businesses. 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.
Say, do you know what this means? Disney owns Marvelman. Who saw that coming?
Marvel's share price seemed to jump 25% today. I just bet it did.