Monday, August 31, 2009

Disney Buys Marvel Entertainment

The Walt Disney Co. said Monday it is buying Marvel Entertainment Inc. for $4 billion in cash and stock, bringing such characters as Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E.

Under the deal, Disney will acquire ownership of 5,000 Marvel characters. Many of them, including the Fantastic Four and the X-Men, were co-created by the comic book legend Stan Lee.

Read more about it here.

(Photo of Spider-Man taken by moi at a mall in Singapore, view from the escalator.)

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