And now, here at the end of the year, a last little bit of comics history: Disney shareholders approved the purchase of Marvel Entertainment for $4.3 billion. The Associated Press reports that Marvel shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share they own. Given Disney’s value, the … Read more
Something actually went up on Wall Street: The market evidently liked what it heard in Marvel‘s quarterly report for the fourth quarter of 2008, with the stock closing up more than 15% to $27.55 after the earnings call. Marvel’s third quarterly report had topped Wall Street estimates; so, too, did this one, with Reuters reporting … Read more
Marvel announced earnings this morning topping analyst expectations, Reuters reports. “It now expects earnings of $2.45 to $2.65 a share on revenue of $640 million to $670 million,” the report says. ” Marvel had earlier forecast earnings of $1.55 and $1.75 a share for 2008, on sales of $450 million to $480 million. Net profits … Read more