Marvel Shareholders Approve Disney Merger

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Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company founded in 1939, announced that at a special meeting held this morning, Marvel stockholders approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company ("Disney"), which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney.  Marvel anticipates that the merger, which, based on the closing price of Disney's common stock on December 30, 2009, has an estimated value of approximately $4.3 billion, will be completed today after the close of the market.

The completion of the merger is subject to satisfaction of remaining conditions disclosed in the definitive proxy statement/prospectus filed by Disney with the Securities and Exchange Commission pursuant to Rule 424 on December 2, 2009.

 

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6 comments
novaman74
novaman74

I hope this doesn't have any effect on the movies. Everything seemed to be going so well. I guess this is just the ultimate reminder that Marvel is a business and a business' only function is to earn money however it can. I already stopped reading comics from the Distinguished Competition because they were going nowhere creatively. It won't be that hard to quit Marvel if Disney feels the need to put its stamp on the stories here.

entombed
entombed

That means new Marvel projections coming out AFTER being run through the Disney censors. It seems ridiculous to me that after pulling the company out of the rut it was in in the 90's to sell it off to the monster that is Disney, it just doesn't sit well with me.

CloakedDagger
CloakedDagger

This is a good thing, kids, now Marvel has more money to spend, and that means more Marvelous things coming out in the future. Yay for Disney's and Marvel's marriage, I wonder what their kids will look like

the_cucco_kid
the_cucco_kid

No no no no no no no no no no nooooo!!!!I can't believe this is happening! I never thought I would live to see the day when Marvel would be assimilated by the evil Borg entity known only as...DISNEY. Even the ties of longtime fan-loyalty aren't enough anymore. If Disney ruins Marvel the way it has so many other things, I may have to turn my back on Marvel forever.How could you do this to us, Marvel? And How could YOU approve, Stan Lee? Whatever happened to integrity? Whatever happened to individuality? All of that is going to either flee or be destroyed by this deal!I don't mean to start a flame war or anything, but I am appaled that such a thing could happen! I'm not in the mood to discuss it however, I'm just ranting and raving here.

SpiderSkrull100
SpiderSkrull100

[quote@wyvern9 In retrospect, this is not a prudent deal for Disney. Marvel's publishing industry makes only a small profit, they have currently sold out their movie distributing rights to other companies, and any new external media productions will take some time to develop.[/quote] You are forgetting the huge licensing deals that they could make for toys, clothing, etc. That's a huge source of cash.

wyvern9
wyvern9

In retrospect, this is not a prudent deal for Disney. Marvel's publishing industry makes only a small profit, they have currently sold out their movie distributing rights to other companies, and any new external media productions will take some time to develop.