On October 26, 2012, Disney forged plans to acquire Lucasfilm Ltd, from owner George Lucas, creator of the massively successful Star Wars franchise for 4.06 billion. The deal includes the Star Wars franchise which has netted 4.4 billion in profit globally. The deal was approved by the FTC on Dec 21, 2012 after the regulatory 30-day waiting period.
According to Deadline, Disney has since announced plans for three more films, one every two years in addition to a television series. The first film Episode 7, will be released in 2015. Disney has also confirmed that Michael Arndt will write the screenplay.
Half of the consideration for the purchase was paid in cash and the other half in Disney stock. As of Friday, Jan 18, 2013, Disney's stock price is $52.34, up $1.41 from $50 on the date of the acquisition, an increase of 2.77%.
Below is the press release.
Thanks for reading and let us know what you think in the comments.