Marvel and Disney made it official, as Marvel shareholders approved on Dec. 31 the details of the companies’ merger.
The deal means Marvel is now officially a wholly owned subsidiary of The Walt Disney Co.
Under the terms of the agreement, Marvel shareholders get $30 a share in cash, plus approximately 0.7452 Disney shares for each Marvel share they own. The merger has an estimated value of about $4.3 billion.
“We’re thrilled to welcome to the Disney family the talented team at Marvel,” said Disney president and CEO Robert Iger. “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.”
