Monday, August 31, 2009

Meet X-Men and Spiderman at Disney Land

The Walt Disney Co. (DIS-N26.10-0.74-2.76%) said Monday it is buying Marvel Entertainment Inc. (MVL-N48.429.7725.28%) for $4-billion (U.S.) in cash and stock, bringing characters like Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E.
Full story: http://www.theglobeandmail.com/globe-investor/disney-buys-marvel-for-4-billion/article1270467/


Have not been to Disney Land since 12 year-old, but now Spiderman, X-men, and Ironman, etc are joinng the Magic Kingdom will make me another reason to visit...hahahaha

Tuesday, August 25, 2009

Reader's Digest files prearranged bankruptcy

The publisher of Reader's Digest yesterday filed for Chapter 11 bankruptcy protection, carrying out its plan to cut debt and transfer ownership of the 87-year-old U.S. magazine and other businesses to a group of lenders.

Due to the shift from book reading to Internet browsing, the 87 year old needs to find itself an new owner. In the other words, the style of the book needs to be changed to catch up the new generation.