Shocking Accquation Disney Buys Marvel Entertainment

Doing my morning twitter check of tweets i came across this HUGE story

The Walt Disney Company has announced it will acquire MarvelEntertainment, Inc. in a stock and cash transaction worth 4 billion dollars.

Disney will pay Marvel shareholders a $30 per share, plus approximately 0.745 Disney shares for each Marvel share they own, based on the closing price of Disney on August 28, 2009. What makes this deal huge, as far as content goes, is the fact that under the terms of the deal, Disney will acquire ownership of not only Marvel itself, but also over than 5,000 Marvel characters. Disney will now benefit from any movie or a game based on characters such as Iron Man, Spider-Man, X-Men and many others; extending its reach to the young male population it had somewhat neglected will definitely be good for the entertainment giant.

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