Disney To Buy Lucasfilm And Star Wars Franchise For $4 Billion:
The Walt Disney Company officially announced that it is acquiring Lucasfilm Ltd, including the legendary Star Wars franchise, in a stock and cash transaction valued at $4.05 billion.
In a statement Disney CEO Robert Iger had said, "this transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment of all time, with Diney's unique and unparalleled creativity accross multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value."
The deal denotes that Disney will acquire ownership of Lucasfilm Ltd and its current operating businesses in live action film production, consumer products, animation, visual effects, and audio post production, plus the company's portfolio.
