Walt Disney

:

Marvel Entertainment

Dealogic Deal #  :

642149

Data as of :

9/29/2009

Target

Acquiror

Dates & Values

Marvel Entertainment

Walt Disney

Target:

100

% stake

Buying:

100

% stake

Rumored

-

Deal Value $m

3,924.4

NY

MVL

78

m shares outstanding

Public (Listed)

Announced

31st Aug 2009

Value ex Debt $m

3,924.4

United States

United States

Publishing

Leisure & Recreation

Expected

4Q 2009

Consideration

BOA Merrill Lynch | Advisor

Guggenheim Partners | Advisor

Completed

-

Shearman & Sterling | Attorney

Goldman Sachs | Advisor

Weil Gotshal  | Attorney

Withdrawn

-

Termination Fee, Target $m

tbd

Termination Fee, Acquiror $m

tbd

Financials

30th Jun 2009

Balance Sheet

Debt/Equity:

0.8

Timeline Events

Premiums & Multiples

Initial Offer

$50.00

Current Offer

$50.00

Income Statement

Cash Flows

Operations $m

326

Profitability

Profit Margin

43%

Return on Equity

41%

League Table Impact

Sector Trend

2009 YTD Announced Global M&A by Deal Value, $bn

Monthly Announced Global M&A, $bn:

Publishing

1

Goldman Sachs

413.8

2

Morgan Stanley

398.7

3

JPMorgan

364.5

4

Citi

309.3

5

BOA Merrill Lynch

264.4

6

Lazard

237.1

7

Deutsche Bank

227.3

8

UBS

186.3

9

Credit Suisse

168.4

10

Barclays Capital

133.3

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