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Tag Archives: Shareholders

November 17

November 17, 1999 – Disney Stockholders Approve Whole Acquisition of Infoseek

On November 17, 1999, Disney stockholders approved the plans for The Walt Disney Company to acquire the remaining stock of Infoseek, making it a wholly-owned subsidiary. 43% of the outstanding common stock of the company had been purchased a year prior; this, combined with Disney’s acquisition of Starwave Corp., helped create the portal service GO Network, which featured search engines, email, and news. With Disney completely owning Infoseek, the company merged with Buena Vista Internet Group, and stocks for the GO.com portal began trading on the New York Stock Exchange the next day. The portal was eventually closed on March 1, 2001.

December 31

December 31, 2009 – Marvel Stockholders Approve Disney Acquisition Deal

marvel

“We’re thrilled to welcome to the Disney family the talented team at Marvel.” – President and CEO of the Walt Disney Company Bob Iger

On December 31, 2009, a special meeting was held for the stockholders of Marvel Entertainment, Inc., where the planned merger with The Walt Disney Company was front and center for approval. With the approval of the shareholders, Marvel became a Disney-owned subsidiary, with Marvel shareholders receiving $30 a share along with a 0.7452 Disney share for each Marvel stock owned. The merger was completed the same day following the approval.