Disney to Acquire Marvel Entertainment

PRESS RELEASE: Aug 31, 2009, 9:00 a.m. EST Disney to Acquire Marvel Entertainment Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters

BURBANK, Calif. & NEW YORK, Aug 31, 2009 (BUSINESS WIRE) — –Acquisition highlights Disney’s strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value

–An investor conference call will take place at approximately 10:15 a.m. EDT / 7:15 a.m. PDT August 31, 2009. Details for the call are listed in the release.

Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (DIS 25.96, -0.88, -3.28%) has agreed to acquire Marvel Entertainment, Inc. (MVL 48.43, +9.78, +25.30%) in a stock and cash transaction, the companies announced today.

Full Story

Comments