Will thier media power ever cease?

Disney is now set to acquire Comic Book and Super Hero Film giant Marvel. Now they have Kermit-the-Frog, Spider-man, and School House Rock. How much more of my childhood are they going to absorb? I have not a clue.

Disney to Acquire Marvel Entertainment

Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters

Acquisition highlights Disney`s strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value

An investor conference call will take place at approximately 10:15 a.m. EDT / 7:15 a.m. PDT August 31, 2009. Details for the call are listed in the release.

BURBANK, Calif. & NEW YORK–(Business Wire)–
Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (NYSE:DIS) has agreed to acquire Marvel Entertainment, Inc. (NYSE:MVL) in a stock and cash transaction, the companies
announced today.

Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At
closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration.

Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.

— posted on Rueters Mon Aug 31, 2009 9:00am EDT link

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