Official: Disney welcomes Lucasfilm to the House of Mouse
Michelle Clancy | 24-12-2012
Disney has completed its $4 billion acquisition of Lucasfilm.
"We're thrilled to welcome Lucasfilm to the Disney family," said Disney CEO Bob 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 21 December of $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.