Marvel deal a go

Cricket2

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Marvel shareholders OK Disney acquisition
9:36a ET December 31, 2009 (MarketWatch)
BOSTON (MarketWatch) -- Marvel Entertainment Inc. said Thursday that its shareholders at a special meeting approved the company's deal to be acquired by Walt Disney Co. . Marvel, which owns such popular comic-book icons as Spider-Man, Iron Man and X-Men, said it expects the deal, which is valued at about $4.3 billion based on Disney's closing price Wednesday, will be completed after the market closes Thursday.


Marvel Stockholders Approve Disney Merger
9:25a ET December 31, 2009 (Business Wire)
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.

SOURCE: Marvel Entertainment, Inc.
 
Okay, I'll admit to my ignorance of this. What will this mean for Universal and their Spiderman and Hulk rides, if anything?
 

Here's an interesting side note of another deal Disney struck on Thursday...

Disney acquires stake in Stan Lee's POW!

Hmmm...possibly a long-term reconciliation between Marvel and Lee? Disney looking to get at the roots of the Marvel universe? :)
 


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