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Disney to buy comic book powerhouse Marvel for $4 billion

 

August 31, 2009



Disney to buy comic book powerhouse Marvel for $4 billion

RYAN NAKASHIMA AP Business Writer LOS ANGELES

The Walt Disney Co. Said this morning it 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, Disney will acquire ownership of 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. Analyst David Joyce of Miller Tabak & Co. Said the acquisition will help Disney appeal to young men who...



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