Amen to that. I was just floored when I heard the news.
--- In scifinoir2@yahoogroups.com, "ravenadal" <ravena...@...> wrote:
>
> This is Christmas early for the stock holders at Marvel Entertainment. It is
> the death knell for a lot of great characters.
>
> ~(no)rave!
>
> August 31, 2009, 9:27 am
> Disney to Buy Marvel Entertainment for $4 Billion
>
> The Walt Disney Company said on Monday that it has agreed to buy Marvel
> Entertainment, bringing together the house of Mickey Mouse with the publisher
> of Spider-Man, for $4 billion in cash and stock.
>
> Under the terms of the deal, Disney will pay $30 a share in cash and .745
> Disney shares for every Marvel share, with no less than 40 percent of the
> deal being made in stock. Disney valued the deal at $50 a share as of the
> companies' share prices on Friday.
>
> Isaac Perlmutter, Marvel's chief executive, will continue to oversee his
> company's properties, including more than 5,000 characters that also include
> Iron Man and the X-Men.
>
> Marvel has had a string of successful movies based on its characters, which
> analysts have praised in part for the company's taking an active role in
> their production.
>
> "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," Robert A. Iger, Disney's chief executive, said in a statement.
>
> "Disney is the perfect home for Marvel's fantastic library of characters
> given its proven ability to expand content creation and licensing
> businesses," Mr. Perlmutter said.
>
