August 31, 2009 / 1:19 PM / 10 years ago

Marvel jumps on acquisition by Disney

A man laughs after watching a "Spider-Man 3" promotional video in Hong Kong May 2, 2007. REUTERS/Claro Cortes IV

NEW YORK (Reuters) - Shares of Marvel Entertainment soared more than 25 percent in premarket trade after Walt Disney Co announced it will acquire the company and its library of characters including Spider-Man, Iron Man and the X-Men.

Marvel shares last traded at $48.40, up 25.2 percent from their closing price on Friday.

Disney shares closed at $26.84 on Friday.

Reporting by Rodrigo Campos, Editing by Chizu Nomiyama

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