Market Updates
Disney to Acquire Lucasfilm for $4.05 Billion
Barry Randall
31 Oct, 2012
New York City
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Walt Disney ((DIS)) agreed to acquire Lucasfilm from the producer George Lucas and its Star Wars franchise for $4.05 billion in cash and stock.
Walt Disney ((DIS)) agreed to acquire Lucasfilm from the producer George Lucas and its Star Wars franchise for $4.05 billion in cash and stock.
Disney also said it will release three new films in the series starting in 2015 and Disney also said that six “Star Wars” films between 197 and 2008 generated a total of $4.4 billion worldwide.
As a part of the deal George Lucas will get 40 million Disney shares and will be the tenth largest shareholder in the company according to the data collected by the research arm of Ticker.com.
Lucasfilm is the third acquisition made by the Disney chief executive Robert Iger from the beginning of his tenure. In 2006, Iger paid $7.4 billion for Pixar Animation controlled by Steve Jobs and in 2009 acquired Marvel Entertainment for just over $4 billion.
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