Walt Disney Co. will purchase the comic book company behind X-Men and Spider-Man
By David Goldman, CNNMoney.com staff writer
Last Updated: August 31, 2009: 3:18 PM ET
Company behind Spider-Man and X-Men agrees to be acquired by Disney.
NEW YORK (CNNMoney.com) -- The Walt Disney Co. announced Monday that it has agreed to purchase comic book and action hero company Marvel Entertainment for about $4 billion.
The deal pairs a comic book publisher that just recently began to produce its own movies with one of the largest international media companies in the world.
"This is perfect from a strategic perspective," Disney Chief Executive Robert Iger told CNNMoney.com. "This treasure trove of over 5,000 characters offers Disney the ability to do what we do best."
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