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Disney to acquire Lucasfilm ltd.

Posted on October 30th, 2012 at 22:15 by John Sinteur in category: News -- Write a comment

[Quote]:

Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company (NYSE: DIS) has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction. Lucasfilm is 100% owned by Lucasfilm Chairman and Founder, George Lucas.

Under the terms of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing. The final consideration will be subject to customary post-closing balance sheet adjustments.

[..]

Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.

  1. Prepare for Pooh Bear with a light saber to make its appearance. I *hated* what they did to the Pooh (for a fun time, read: http://money.cnn.com/magazines/fortune/fortune_archive/2003/01/20/335653/index.htm). It was going downhill anyway. I hope Lucas is happy with his billions.

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