Mickey Mouse Buys Iron Man!

The Walt Disney Company just announced an agreement to purchase Marvel Entertainment, the developer of popular characters including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four, and Thor.

The deal has been approved by the boards of directors of both companies, but still requires approval by the appropriate regulatory authorities as well as the Marvel shareholders.

According to a report on Playthings.com:

“Under the terms of the agreement, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40 percent of the total merger consideration. Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.”

Not a bad price for a company that roughly 8 years ago was on the verge of disappearing completely from the scene. On the other hand, it’s probably a real bargain for a proven stable of movie money machines like Iron Man and Spider-Man.

We have to wonder what Stan Lee thinks of all of this, especially being owned lock, stock, and barrel by the Mouse.


One thought on “Mickey Mouse Buys Iron Man!

  1. Okay, my jaw just hit the floor. Time-Warner has DC comics all sewn up, so Disney has to grab Marvel to even the score? Geez, how did I miss this?

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