Disney Will Buy Marvel Comics
National News
Courthouse News reports that Walt Disney Co. announced today that it would buy Marvel Entertainment for $4 billion, giving Disney ownership of a huge stable of comic book characters, including Spiderman, the Incredible Hulk, the X-Men, the Silver Surfer and others.
The stock-and-cash deal is valued at about $50 per Marvel share - $30 a share plus just under 0.75 Disney shares for each Marvel share - a 29 percent premium on Marvel stock.
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Texas Adopts Statewide Texting-While-Driving Ban
Effective September 1, 2017, Texas will become the 47th state to pass a statewide ban on texting while driving. Governor Abbott’s signing of House Bill 62 is an effort to unify Texas under a uniform ban and remedy the “patchwork quilt of regulations that dictate driving practices in Texas.”
The bill specifically prohibits drivers from reading, writing, or sending an electronic message on a device unless the vehicle is stopped. That includes texting and emailing. It does not, however, prohibit dialing a number to call someone, talking on the phone using a hands-free device, or using the phone’s GPS system.
Violations would be punishable by a fine ranging from $25 to $99, to be set by each municipality. Although penalties could rise to as much as $200 for repeat offenders.
Studies have found that a driver’s reaction time is half as much when a driver is distracted by sending or reading a text message. According to state officials, in 2015 more than 105,000 traffic accidents in Texas involved distracted driving, leading to at least 476 fatalities.