On Monday, August 31, 2009, Disney agreed to buy Marvel Entertainment Inc. ($4 billion), adding a legion of superheroes and other 5000 characters to the Disney family.
Under the agreement, Marvel holders will receive $30 a share in cash plus about 0.75 Disney share for each Marvel Share.
This deal is Disney's biggest since its 2006 purchase of Pixar Animation Studios Inc. for $7.4 billion in stock.
Disney CFO Tom Staggs, commented: "Marvel is worth more inside Disney that outside Disney", being the only one among the rival executives to pay a hefty premium.
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