Entertainment giant Disney has announced that it is to buy Marvel Entertainment in a $4 billion deal. Disney will acquire 5,000 Marvel characters, including famous figures such as 'Spider-Man', 'Iron Man' and the 'X-Men'.
Disney and Marvel said Marvel shareholders would receive a total of 30 dollars per share in cash plus approximately 0.745 Disney shares for each Marvel share they own.
Although the boards of directors of both companies have approved the transaction, it still needs the green light from anti-trust authorities and Marvel shareholders.
