BREAKING NEWS

Disney Buys Marvel Comics For $4 Billion Cash, Stocks

Aug. 31 2009, Published 1:55 p.m. ET

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Don't be surprised to see Spiderman weaving his webs through Space Mountain in the near future: The Walt Disney Company has acquired Marvel Entertainment, Inc. for $4 billion in cash and stocks, both companies said Monday.

The deal means popular Marvel characters, such as Spiderman, Iron Man, The X-Men, Captain America, The Fantastic Four and Thor will now be handled by Disney.

Ike Perlmutter, Marvel's chief executive officer, said the deal opens countless doors for merchandising money.

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"Disney is the perfect home for Marvel's fantastic library of characters given its proven ability to expand content creation and licensing businesses," he said.

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