Marvel Stockholders Approve Disney Merger

Well everyone, it's officially official! Disney now owns Marvel. We all knew it would go through but there was still one more thing that needed to be done, Marvel Stockholders needed to approve it and that's what happened this morning. 

Marvel Stockholders approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company, which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney.

Marvel anticipates that the merger, which, based on the closing price of Disney's common stock on December 30, 2009, has an estimated value of approximately $4.3 billion, will be completed today after the close of the market.

The completion of the merger is subject to satisfaction of remaining conditions disclosed in the definitive proxy statement/prospectus filed by Disney with the Securities and Exchange Commission pursuant to Rule 424 on December 2, 2009.

So there it is! It's done. Disney can now start messing around with the Marvel library of characters. I wrote up an article yesterday going into some detail about what Disney plans on doing with the 5,000 Marvel characters that they now own. You can read about that by clicking here.