As expected, Marvel stockholders approved The Walt Disney Company’s $4.3 billion acquisition of Marvel Entertainment. With Marvel honcho Isaac Perlmutter controlling 37% of Marvel stock, approval of the acquisition, which Perlmutter supported, was pretty much a foregone conclusion. Marvel stockholders will receive $30 in cash for every share of Marvel stock along with .745 shares of Disney stock for each Marvel share. Disney shares closed at $32.25 on Thursday.
The deal brings Iron Man, Spider-Man, the X-Men and 5,000 other Marvel characters under the mouse house’s control. While some
Many of the same experts denigrating the Marvel deal also complained about Disney’s 2006 acquisition of Pixar for $7.4 billion. But Pixar has prospered since the acquisition and Disney has made great use of the Pixar talent to improve the quality of Disney’s animated output.