By: Dominic Jones
We've known about it for a while, but now it's official. Disney announced today that their 4.05 billion dollar purchase of Lucasfilm is now complete. Now that the deal is done, we can focus all our attention on 2015's Star Wars: Episode VII.
Check out the press release from Disney below:
BURBANK, Calif., December 21, 2012 – Continuing its strategy of
delivering exceptional creative content to audiences around the world,
Robert A. Iger, President and Chief Executive Officer of The Walt Disney
Company (NYSE:DIS) announced today that Disney has completed its
acquisition of Lucasfilm Ltd. LLC.
“We’re thrilled to welcome Lucasfilm to the Disney family,” said
Iger. “Star Wars is one of the greatest family entertainment franchises
of all time and this transaction combines that world class content with
Disney’s unique and unparalleled creativity across multiple platforms,
businesses, and markets, which we believe will generate growth as well
as significant long-term value.”
Under the terms of the merger agreement, at closing Disney issued
37,076,679 shares and made a cash payment of $2,208,199,950. Based upon
the closing price of Disney shares on December 21, 2012 at $50.00, the
transaction has a total value of approximately $4.06 billion.
Lucasfilm’s assets include its massively popular Star Wars franchise,
operating businesses in live action film production, consumer products,
animation, visual effects, and audio post production, as well as a
substantial portfolio of cutting-edge entertainment technologies. It
operates under the names Lucasfilm Ltd. LLC, LucasArts, Industrial Light
& Magic, and Skywalker Sound.
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