You’ve heard the news. Disney is paying $4 Billion for Marvel’s intellectual property portfolio, including 5,000 characters, but the deal will leave a few licensing deals for movies and toys in place without substitution. According to the the NY Times, “[t]he deal was valued at about $50 a share, a 29 percent premium. On Monday, Marvel shares shot up 25 percent to $48.37.” Some believe the premium paid for the IP is too much. Nevertheless, there may be implications on the wider M&A market as a result of this transaction. Boiled down to a bird’s-eye view, one cannot escape the fact that the two largest blockbuster deals this year dealt solely with intellectual property - Pfizer/Wyeth and Disney/Marvel.
For more interesting information regarding some litigation and politics surrounding the Disney/Marvel deal, read this piece.
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