The Ultimate Spider-Man book help launch a whole new universe for Marvel, and tomorrow (Wednesday, June 22nd), its star bites the bullet. Peter Parker will die in issue #160 of Ultimate Spider-Man bringing an end to the 10 year run of the character. This will end the sold out "Death of Spider-Man" story arc, and it will set up an all new Spider-Man book.
In a recent press release, Marvel Senior Editor, Mark Paniccia, had this to say:
10 years ago, Brian Bendis and Mark Millar changed the way people saw super heroes with the birth of the Ultimate Universe. With ‘Death of Spider-Man’ the two have done it again, creating a story just as big, and something that would really resonate with fans... But Peter’s death doesn’t signal the end of their larger plan—it’s the start of one of the most ambitious stories you’ve ever read in comics.

Marvel Editor-in Chief, Alex Alonso, explained that this may be the end of Peter Parker, and it will raise the stakes in the Ultimate Universe.
We’ve never seen a world without Spider-Man, a world without Peter Parker, so his death is a significant event for the Ultimate Comics Universe and we’re going to see how quickly it changes everything. Readers are in for something very new…and surprising because everything that happens in Ultimate Spider-Man #160 and Ultimate Comics Fallout sets the stage for even bigger stories.

After Ultimate Spider-Man #160, Marvel will be releasing, in July, Ultimate Comics Fallout, which will take a look at what happens to the Ultimate Universe when Peter Parker isn't around anymore.
This will also debut the new Spider-Man in the Ultimate Universe and Marvel states that we'll all be very surprised with who is under the mask.
Ultimate Spider-Man has become quite the iconic character with readers. Not only was he a major part of the Ultimate Universe, but he's also had games and an upcoming movie modeled after him.
Make sure to check out the final Ultimate Spider-Man issue, well final Peter Parker as Ultimate Spider-Man, at your local comic book shop tomorrow.
ULTIMATE COMICS SPIDER-MAN #160
Written by BRIAN MICHAEL BENDIS
Art by MARK BAGLEY
ON SALE TOMORROW, JUNE 22!
Update
Here's the spoiler from USA Today.
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