The Guardian reports:

The Walt Disney empire is to buy the superheroes stable Marvel Entertainment for $4bn (£2.5bn) in a star-studded Hollywood deal that unites family names such as Mickey Mouse with lucrative characters including Spider-Man, the Incredible Hulk and the X-Men.

Disney hopes to put Marvel's 5,000 characters to work on its television channels and in video games, theme parks and movies. The agreed takeover is for a mixture of cash and stock, with Disney shares accounting for roughly 40% of the buyout price.

The tie-up unites two companies with similar business models – they both take characters which capture the popular imagination and promote them vigorously around the world on every possible media platform and through third-party licensing deals.

While Disney has traditionally been known for its wholesome family creations ranging from the Little Mermaid to Lion King, Hannah Montana and Pocahontas, the purchase of Marvel adds an edgier, more violent element – it recently scored a box office success with Iron Man, a movie starring Robert Downey Jr as a billionaire inventor who creates a hi-tech suit of armour to battle evil.

Marvel's characters, who include superhero Captain America, tend to chime particularly well with teenage boys and young men, while Disney has been stronger in appealing to a female audience.

Disney's chief executive, Bob Iger, said Marvel had a "treasure trove" of intellectual property that "transcends gender, age, culture and geographical barriers".

"There are so many opportunities to mine both characters that are known and characters that are not widely known," Iger said.

The tie-up is one of the largest US corporate transactions of the summer and marks a remarkable turnaround for Marvel, originally a comic book company, which filed for bankruptcy in 1996 under heavy debts as it faced a slump in comic book sales.

The two companies hope to complete the deal by the end of the year. Marvel's chief executive, Ike Perlmutter, will be the largest personal winner, scooping $1.4bn in cash and Disney shares in return for his 37% stake in the business.

Perlmutter has been involved in running Marvel since helping to buy the business out of bankruptcy in 1998.

Marvel's chairman, Mort Handel, described Disney as a "perfect home" for his company's library of characters. "Both companies have their roots in great storytelling and innovative artistry," he said.

Marvel had sales of $676m last year but employed just 300 people. Disney, in contrast, had a turnover of $37.8bn and a payroll of 150,000 staff at businesses varying from its Hollywood film studios to ABC television, theme parks on three continents and a high-street chain of Disney merchandise stores.

"This helps give Disney more important exposure to the young male demographic that they have sort of lost some ground with in recent years," said David Joyce, a media analyst at stockbroker Miller Tabak.

He added: "When you look at the kind of TV shows on their cable networks, and the Disney consumer products line for the princess and fairies – the Hannah Montana kind of stuff – it shows that they have a lot of strength addressing the young female demographic."

In a research note, Citigroup analyst Jason Bazinet said: "Disney will also be able to monetise Marvel's brands across its entire ecosystem from TV to parks, movies, consumer products and video games."

Marvel's shares shot up by 26% to $48.78 during early trading on Wall Street. The buyout values Marvel at $50 per share.

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Tags: disney, marvel, mickey, mouse, spiderman

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Comment by kervin on September 1, 2009 at 4:39pm
wb teaches kids how to be hard disney teaches kids how to be soft
Comment by Dee m on September 1, 2009 at 3:49pm
They own 96% of everything in the U.S. lol REAL S***.
Comment by Jerome Rainford on September 1, 2009 at 2:23pm
yeah they do got stupid money but still f****** Disney man......... I don't know some part of me think that they should have made the deal, Im kidda upset at this s*** man.
Comment by MONT@N@ FLY on September 1, 2009 at 1:36pm
MOVIES BEEN KINDA WACK LIKE THE FIRST HULK AND X-MEN ALL THEM JOINTS WAS WACK THEY MIGHT MAKE MOVIES BETTER DISNEY GOT STUPID STUPID MONEY
Comment by L. K. Eman$ on September 1, 2009 at 1:25pm
LMAO it ain't gonna be "spiderman strikes again" but "spidermickey strikes again"
Comment by Sasucule on September 1, 2009 at 12:39pm
FAR-I the Mickey Mouse Club is a bunch of w***** true, but Disney could still f*** up everything Marvel if they put there two cents in. There might be a w**** super hero movie, sexy or not it will suck. A teenie Wolverine in high school would be gay.
Comment by DiZy on September 1, 2009 at 12:03pm
haha dammmm.... this is gonna disappoint a bilion ppl. can you imagine mickey mouse in a movie wit spiderman!?
Comment by AD9E$R on September 1, 2009 at 11:11am
y? y? y?!!!!!!!!!!!!!!!!!!!!!!!!!!!!! this is gonna ruin everything for everybody, c'mon stan this is b.s. f*** them disney n*****
Comment by shaundell on September 1, 2009 at 9:09am
prepare for crappy super hero movies.
Comment by DanJah on September 1, 2009 at 8:21am
Damn... now all the marvel movies is gonna be rated pg... F***!



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