Categories: LocalMovie News

Marvel and Disney Close the Deal on Merger

Well, it is a done deal. Marvel shareholders have approved the merger with Disney. I wouldn’t be too worried about it. I’ve seen a lot of people get worked up over this. I see it as a good thing. Let’s be honest here, the comic book industry is slowly crumbling every years, with sales dropping off more all the time. What keeps the comics industry alive? Well, the rabid fanbase, and it is a goldmine for film adaptations. Disney has always been great about keeping control of its IPs, and I’m guessing they will do the same with their new group of Marvel characters. Plus doesn’t want to see Mickey in a Marvel Zombies comic?

New York, New York – December 31, 2009 — 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.

Blake Fehl

Member of the St. Louis Film Critics Association. Co-Founder of Saint Brewis and Review St. Louis. Digital Strategist by day, film/beer/hockey fanatic by night.

View Comments

  • I'm kind of excited to see some legit animated adaptations. I know right now the rage is live action stuff for these characters. But let's see a fully funded animated adventure for these heroes. Prolly would translate a lot better

Recent Posts

Opera Review: Money, Mishaps and Marriage Fuel OTSL’s Hilarious DON PASQUALE

One of the ways that Opera Theatre of St. Louis is celebrating their 50th anniversary…

5 days ago

Opera Review: THIS HOUSE World Premiere at OSTL

This House, Opera Theatre of St. Louis’ 44th world premiere, proves that sometimes you shouldn’t…

2 weeks ago

A Perfect Circle, Puscifer and Primus members take audience for a ride at Hollywood Casino Amphitheater

By Jerry McGrath Be...Present.   Marked words to open the concert.   Maynard, in typical fashion, addresses…

2 weeks ago

Movie Review: KARATE KID: LEGENDS Starring Ben Wang, Jackie Chan, Ralph Macchio

Often times, legacy sequels strain under the weight of nostalgia. But Karate Kid: Legends wears…

3 weeks ago

Theater Review: Buffoonery Meets Bubbly With OTSL’s DIE FLEDERMAUS

To celebrate its 50th season Opera Theatre of St. Louis didn’t just uncork a bottle…

3 weeks ago

Theater Review: & JULIET at The Fabulous Fox

Romeo and Juliet is often considered one of William Shakespeare’s most iconic plays, but it…

3 weeks ago