Breaking: Walt Disney Company Acquires Lucasfilm Ltd. for $4B
In somewhat surprising news, Disney has acquired Lucasfilm Ltd. for approximately $4.05 billion. Yes, that includes the entire Star Wars franchise. But that’s not all. In addition to this announcement comes the news that Star Wars: Episode 7 is in development and planning on a 2015 release.
“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Disney chairman and CEO Bob Iger in a press release. “This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, business, and markets to generate sustained growth and drive significant long-term value.”
In order to solidify the deal, Disney is paying approximately half of the consideration in cash and issuing close to 40 million shares at closing based on Disney’s stock price as of Oct. 26.
Until now, Lucasfilm has been owned solely by chairman and founder Lucas. Keep checking back on news as it’s released.
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