Disney has announced that it has completed its acquisition of Marvel.
Following the acquisition, Disney potentially has access to Marvel’s huge bank of assets which include over 5,000 characters featured in a variety of media over 70 years and businesses, including licensing, movie production and publishing.
Robert A. Iger, president and chief executive officer of The Walt Disney Company announced the deal, saying, "We believe the creative and business potential of this combination is substantial and can help us grow both our top and bottom line, leading to a significant increase in long-term shareholder value.”
Under terms of the deal, and based on the closing price of Disney on December 31, Marvel shareholders will receive a total of $30 a share in cash plus approximately 0.7452 Disney shares for each Marvel share they own.