Walt Disney to Buy Lucasfilm for $4.05 Billion in Cash and Stock (DIS)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here