Saturday, January 2, 2010

Walt Disney Company bought Marvel Entertainment for $4.3 Billion

Its official, the Walt Disney Company acquires Marvel Entertainment Incorporation last Thursday (December 31, 2009) amounting to almost $4.3 billion. The said acquisition means bringing the Marvel heroes and villains like Iron Man, X-Men, and others on the enchanted castle where Mickey Mouse, Donald Duck, Snow White and the rest of the Disney characters. The Marvel Entertainment shareholders approved the said acquisition on Thursday.

Right now after Thursday’s acquisition the Isaac "Ike" Perlmutter, Marvel Chief Executive and owner of the 37% of Marvel Entertainment stock will continue to supervise the Marvel business but will be reporting directly to Robert Iger, Chief-Executive-Officer of Walt Disney Company.

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