Disney To Complete Marvel Acquisition This Week Tuesday, December 29, 10:47 AM ET
Walt Disney Co. (NYSE:
DIS) is expected to complete its $4.2 billion acquisition of Marvel Entertainment ( MVL) this week.
The cash and stock deal will add characters like Iron Man and Spiderman to Disneyís stable of VIPís, which already includes the likes of Mickey Mouse and Hannah Montana.
The deal is a 40 percent premium over Marvelís stock in August, when the deal was announced.
There are more than 5,000 characters in the Marvel library, ripe for Disney to develop and turn into the next great franchise.
Disney shares are trading up over one percent on Tuesday morning.
For MarketNewsVideo.com, I'm Sayoko Murase.
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Disney To Complete Marvel Acquisition This Week
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