Under the deal terms, Disney will have ownership of Marvel including its more than 5,000 Marvel characters including "Spider-Man" "Iron Man" and "The Avengers"
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 the Marvel shareholders and competition authorities.
How this move will impact the company's long term movie plans is not certain.
A conference call is taking place this hour...
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