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Marvel now part of Disney?

So here's the news that looks like it's just breaking:

Walt Disney Co.  (DIS 26.09, -0.75, -2.79%) said on Monday it has reached a deal to acquire comic book titan Marvel Entertainment Inc.  (MVL 48.65, +10.00, +25.87%) for $4 billion in stock and cash. In a statement, Disney Chief Executive Bob Iger said "adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation." Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration. Under the deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters, including The Fantastic Four, Spider-Man, the X-Men, The Incredible Hulk and Iron Man, all of which have been turned into highly valuable feature film franchises. Ike Perlmutter, Marvel's CEO, would continue to oversee the Marvel properties, and work directly with Disney executives to integrate them into Disney's businesses.

I don't follow all of the financial news of Marvel and DC (or its parents Warner Bros.) but was this in any way expected?  Hasn't Marvel been touting how flush with cash they are?  I wonder if this is less Marvel shopping itself around and more Disney making them an offer they couldn't refuse.

This will be an interesting story to see how it plays out in the days ahead.