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DISNEY Buys MARVEL For $4 BILLION

August 31, 2009

WALT DISNEY CO.

WALT DISNEY CO.

MARVEL Entertainment

MARVEL Entertainment


Source: Associated Press

The Walt Disney Co. is buying Marvel Entertainment Inc. for $4 billion in cash and stock, bringing such characters as Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E.

Under the deal, which was announced Monday and is expected to close by the end of the year, Disney will acquire the rights to 5,000 Marvel characters. Many of them, including the Fantastic Four and the X-Men, were co-created by the comic book legend Stan Lee.

Read more HERE.

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