By Simon Vozick-Levinson
Updated August 31, 2009 at 01:54 PM EDT

The Walt Disney Company announced via press release that it is set to acquire Marvel Entertainment. The Associated Press reports that Disney is spending $4 billion in cash and stock for Marvel and full rights to its 5,000 characters, including Spider-Man, Iron Man, and many more.

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Marvel and Disney: What does that mean for you and me?