The Hollywood Reporter today reports that Disney will agree to buy Marvel Entertainment for $4 billion. Marvel shareholders will recieve $30 per share in cash, alongside an estimated 0.745 Disney shares for each Marvel share. As of Fridays closing stock price, the deal is valued at $50 per Marvel share.
Disney CEO Robert Iger, today said “We believe that adding Marvel to Disney’s unique portfolio of brands provides significany opportunities for long-term growth and value creation”.
Marvel CEO Ike Perlmutter said of the deal, “Disney is the perfect home for Marvel’s fantastic library of characters given its proven ability to expand content creation and licensing businesses”.
There is no news yet as to how this will effect upcoming Marvel movies like Iron-Man 2, Spider-Man 4, Thor, Captain America, The Avengers and others.