Disney completes Lucasfilm acquisition for $4.06B
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Source: Business News
Originally published: Dec 21, 2012 - 3:16 pm
Originally published: Dec 21, 2012 - 3:16 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.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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