Disney Buys Marvel for $4 Billion
What do you get when you combine Spider-Man and Mickey Mouse? I’ll tell you what you get, you get Mickey Mouse getting his ass thrown around and slammed into fire hydrants because mice in New York City is a very big no-no; and putting a four-foot tall mouse next to Spider-Man will only mean one thing – pure ownage for the talking rodent. But that kind of stuff won’t happen. Especially since Mickey and his group of happy friends will be signing the checks that Spidey and his Marvel crew will be using to dry-clean their spandex outfits. All your favorite superheroes from the Marvel universe will now be in the hands of he Walt Disney Company as the world renown, and largest, entertainment and media conglomerate acquired Marvel Entertainment for a whopping $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.”
Now we know what Disney is thinking. What about the folks over at Marvel? What is their take on the situation?
“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.”
Seems like the folks over at Marvel are just as happy, I would say. Under the terms of the agreement, Disney will whip out their fanny-packs, pull out their checkbooks, and pay Marvel Entertainment shareholders $30 per share for their Marvel stock, plus .745 of a share of Disney stock for each share they own.