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Tue 09 Sep 2009Disney to buy Marvel for $4bn

WALT DISNEY yesterday unveiled a surprise $4 billion (€2.8 billion) bid for Marvel Entertainment, ending a dealmaking drought in the media sector and paving the way for Iron Man, Spider-Man and Captain America to be united with Mickey Mouse and Hannah Montana.

The agreed deal is structured as a cash-and-stock offer, worth $50 a share based at Disney’s closing share price on Friday.