Marvel Sets Date for Disney Vote

Marvel Entertainment Inc. said its shareholders would vote Dec. 31 on whether to approve its $4 billion acquisition by Walt Disney Co.

Under the deal, first announced Aug. 31, Disney will pay Marvel shareholders $30 cash and 0.7 shares of Disney stock for every share of Marvel stock.

The acquisition would give Disney access to New York-based Marvelâ€™s stable of popular comic book characters, which include Spider-Man, the X-Men and Iron Man, once licenses with other companies expire. Itâ€™s Disneyâ€™s largest deal since 2006, when the Burbank entertainment giant bought Pixar Animation Studios Inc. for $7.4 billion in stock.

The deal is expected to close upon approval and turn Marvel into a wholly-owned subsidiary of Disney, Marvel said.

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Chip 13,255 Posts

Chip is the owner, editor, and writer of Chip and Company. When he is not writing about Disney News or Planning Tips, you will find him counting down the days to his next Disney Vacation.

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