Disney Forges $4B Cash-And-Stock Deal With Marvel

Law360, New York (August 31, 2009, 4:51 PM EDT) -- The Walt Disney Co. has agreed to purchase Marvel Entertainment Inc. in a cash and stock deal totaling about $4 billion, giving Disney access to an intellectual property portfolio of thousands of comic book characters, including the popular Spider-Man, X-Men and Iron Man names.

The companies announced the deal on Monday in which Disney has agreed to pay $30 in addition to 0.745 share of Disney stock for each Marvel share, requiring no outside financing.

Under the deal, Disney will assume ownership of a library of...
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