The Marvel/Disney merger was finalized today, December 31, 2010
While Y2K ended up being a false alarm, a decade later December 31 has finally heralded the end of the world.
Ok... that might be a bit of a stretch. But, nevertheless, today marked the day that the Marvel shareholders approved the merger with Disney.
It's official: The House of Mouse now owns the House of Ideas. What this bodes for the future of our beloved comic characters remains to be seen. Hopefully all will be painless, but either way, it's too late now.
The merger was approved this morning and will officially be completed when the market closes this afternoon.
Marvel released this statement:
"Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company founded in 1939, announced that at a special meeting held this morning, Marvel stockholders approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company ("Disney"), 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."
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