Disney buys lucasfilm

Disney Set to Purchase Lucasfilm and make ‘Star Wars: Episode 7’

If you’ve been waiting for some new Star Wars movies, then the time has finally come! Walt Disney Pictures has issued a press release announcing that the company has “agreed to acquire Lucasfilm Ltd.” This is HUGE news that can greatly change the future of the Star Wars franchise. According to the press release: Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company (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. This is not the first film company that Disney…

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