Disney to Buy Lucasfilm for $4.05 Billion
Walt Disney (NYS: DIS) is acquiring Lucasfilm, creator of the Star Wars series, for $4.05 billion in cash and stock. The deal was announced yesterday with Disney calling it part of its strategy of "delivering exceptional creative content to audiences." Lucasfilm is 100% owned by founder George Lucas and about half the deal will be in cash.
Disney also announced that it will release a new set of three Star Wars films under the "Disney-Lucasfilm" brand beginning in 2015. After this, the company plans to release a new Star Wars feature "every two to three years".
The Lucasfilm purchase is the latest in a string of high-profile intellectual property acquisitions for Disney. In 2009, it bought Marvel Entertainment, a producer of superhero comic books and related properties. In 2006 it acquired Pixar, the animation feature film studio.
The article Disney to Buy Lucasfilm for $4.05 Billion originally appeared on Fool.com.Eric Volkman has no positions in the stocks mentioned above. The Motley Fool owns shares of Walt Disney. Motley Fool newsletter services recommend Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.