Entertainment giant The Walt Disney Company (DIS) late Tuesday announced the acquisition of privately-held film production house Lucasfilm Ltd. for a little over $4 billion.
Lucasfilm founder George Lucas, who created the world famous Star Wars franchise, agreed to the cash/stock buyout. Lucasfilm will receive half the purchase price in cash with the remaining half paid in Disney stock. 40 million DIS shares will be created when the deal closes.
No details were released regarding when the deal is expected to be completed.
The move marks Disney’s firm major acquisition since it bought comic book powerhouse Marvel Entertainment for $4.24 billion back in 2009.
Walt Disney shares rose 71 cents, or +1.4%, in premarket trading Wednesday.