Walt Disney Co. said late Thursday that it has completed its $4.3 billion cash and stock acquisition of Marvel Entertainment.
Marvel Entertainment shareholders earlier in the day approved the cash-and-stock deal. The Burbank entertainment giant gets New York City-based Marvel’s catalog of more than 5,000 characters, such as Spider-Man and the X-Men.
Marvel shareholders receive $30 cash and 0.745 shares of Disney stock for every share of Marvel stock owned.
The deal's total value is based on the Disney's closing stock price on Wednesday. It is Disney’s largest deal since 2006, when the company bought Pixar Animation Studios Inc. for $7.4 billion in stock.
Disney shares closed down 3 cents, or less than 1 percent, to $32.25 on the New York Stock Exchange.
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