Disney completes Lucasfilm acquisition for $4.06B

Print
Email
|

Associated Press

Posted on December 21, 2012 at 6:00 PM

Updated Friday, Dec 21 at 6:02 PM

BURBANK, Calif. (AP) — Disney says it has completed its acquisition of Lucasfilm Ltd. for $4.06 billion in cash and stock.

The company said Friday that it issued 37.1 million shares and made a cash payment of $2.21 billion to buy the maker of "Star Wars" from its sole owner, George Lucas.

The total transaction value was based on Friday's closing price of $50 for Disney shares.

The deal includes special effects giant Industrial Light & Magic, video game maker LucasArts and sound studio Skywalker Sound.

The Walt Disney Co. has said it will revive the "Star Wars" franchise beginning with "Episode 7" in 2015.

Print
Email
|