The Walt Disney Company announced on August 31, 2009, that it had purchased Marvel Entertainment for roughly $4 billion.http://www.nytimes.com/2009/09/01/business/media/01disney.html?_r=1&hp
Marvel's third-party licensing deals, including those with Sony, FOX and Paramount Pictures, will stay in place through the length of the individual contracts.http://www.nytimes.com/2009/09/01/business/media/01disney.html?_r=1&hp
References
Fast Facts
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Date
August 31, 2009
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Fact:
Disney purchased Marvel for roughly $4 billion
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Fact:
60% cash, 40% in stock options
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Fact:
Current Marvel partner deals with film studios will be honored
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Fact:
Twentieth Century Fox to continue the X-Men series
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Fact:
Sony Pictures Entertainment to continue the Spider-Man series
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Fact:
Paramount Pictures to continue the Iron Man series
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Fact:
Deal is pending the approval of Marvel shareholders
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Fact:
Marvel stock shares jumped 25% after the news of the acquisition
