Peter Kafka

Recent Posts by Peter Kafka

Spidey, Meet Mickey: Disney Buying Marvel for $4 Billion

mickey-and-friend1Get used to headlines like this: Disney (DIS) is buying up comic powerhouse Marvel Entertainment (MVL) for $4 billion. The cash and stock deal values Marvel at $50 a share, up almost 30 percent from its Friday close.

We’ll get more details during a conference call later this morning, but if you want to kill time until then, you can play amateur M&A guy and draw up your own list of big media companies that will be buying or selling in the next year or so. The theory: Prices are way down, but seem to have settled. And there are plenty of potential buyers–particularly telco/cable guys–throwing off enough cash to finance some big-ticket items.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik