The Walt Disney Co. says it is acquiring Marvel Entertainment Inc. for $4 billion in cash and stock, bringing characters like Iron Man and Spider-Man into the Disney family. Under the deal, Disney will acquire ownership more than of 5,000 Marvel characters, including X-Men, Captain America, Fantastic Four and Thor. Disney says that Marvel shareholders will receive $30 per share in cash plus 0.745 Disney shares for every Marvel share they own. Analyst David Joyce of Miller Tabak & Co. says the acquisition will help Disney appeal to young men who have flocked to theatres to see Marvel’s superhero fare in recent years. That contrasts with Disney’s recent successes among young women with such fare as Hannah Montana and the Jonas Brothers.
Disney to acquire Marvel for $4 billion
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