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Disney to buy Marvel in $4bn deal

Entertainment giant Walt Disney is to buy Marvel Entertainment in a shares and cash deal valued at $4bn (£2.5bn).

The deal means Disney will take over ownership of 5,000 Marvel characters, such as Spider-Man and the X-Men.

Marvel shareholders will get $30 per share in cash plus 0.745 Disney shares for every Marvel share owned.

The boards of Disney and Marvel have both approved the deal, which now needs the backing of Marvel shareholders and competition authorities.

Marvel shares were ahead $9.68, or 25%, to $48.33 in Monday trading while Disney shares fell 80 cents, or 3%, to $26.04.

'Great assets'

"We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation," Disney president and chief executive Robert Iger said.

"We are pleased to bring this talent and these great assets to Disney."

Other Marvel's characters include Captain America, the Fantastic Four and Thor.

"Disney is the perfect home for Marvel's fantastic library of characters given its proven ability to expand content creation and licensing businesses," said Marvel chief executive Ike Perlmutter.

"This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney's tremendous global organization and infrastructure around the world," he added.

'Good deal'

Arvind Bhatia, an analyst at Sterne, Agee and Leach, said that the deal appeared to be a "win-win situation for both companies".

"They [Marvel shareholders] are getting a good deal in my opinion. The CEO of the company, Isaac Perlmutter, is also the largest shareholder of the company.

"From that standpoint, we think the chances of this deal going through are pretty high."

Last month, Walt Disney reported a fall in profits of more than a quarter as the downturn hit revenue at its film and theme park divisions.

Net profit between April and June came in at $954m (£579m), down 26% on the $1.28bn the entertainment giant made in the same period last year.

Revenues of $8.6bn were down 7% from the $9.2bn recorded a year before.

Nooka Zub20 Zenh



Now available with the Zen-H display where the top row shows hours 1-6, second row hours 7-12, third row minutes 0-59, fourth row seconds 0-59. Features chronograph and alarm.








Nooka Belt

The Nooka Strip features an innovative snap and release closure system, allowing each wearer to adjust it to their exact waist size. The body of the belt is made from BASF's new Ellastolan thermoplastic polyurethane material, giving it a similar feel to our Zub line.









visvim 2009 Fall/Winter Ballistic Veggie Accessories
Working up a vegan lineup to balance their premium leather offerings, visvim release a new collection of accessories following the usual ballistic theme with a veggie twist. Amongst the items are new versions of their classic ballistic backpack, a set of wallets, and two-tone waist packs, made in the same design mold as the backpacks.


Sperry Top-Sider - Spring/Summer 2010 - Boat Shoe | Preview


Previously seen from the preview of Spring/Summer 2010 release of Sperry Top-Sider are some great Bahama and Bahama Chukka; and now to turn the focus back to the label’s Authentic Seasonal Boat Shoes, we are previewing the upcoming colorways that can be expected next year. For Spring/Summer 2010, the label is sticking with mainly preppy pastel monotones atop crisp white soles. Other than the light blue, navy, green and burnished red line-up, there are also leather two-tones in new colorways. Simple, easy to wear and still staples that will never get old, the label continues to purvey a solid collection and puts some spring in steps with happy colors.









OriginalFake x PORTER



One more addition for the Fall 2009 season is the new collaboration accessories collection from OriginalFake and PORTER. Named simply the Khaki Collection, each is constructed from Satin Nylon fabric in Olive Green, imprinted with artist KAWS‘ “X” markings in an all over pattern. The collection comprised of Khaki Day Backpack and Khaki Tone Tote. Available exclusively at OriginalFake retailers worldwide, including colette of Paris.