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The Walt Disney Company Completes Lucasfilm Acquisition
Jay Cochran - December 21, 2012





Continuing its strategy of delivering exceptional creative content to audiences around the world, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE:DIS) announced today that Disney has completed its acquisition of Lucasfilm Ltd. LLC.

“We’re thrilled to welcome Lucasfilm to the Disney family,” said Iger. “Star Wars is one of the greatest family entertainment franchises of all time and this transaction combines that world class content with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets, which we believe will generate growth as well as significant long-term value.”

Under the terms of the merger agreement, at closing Disney issued 37,076,679 shares and made a cash payment of $2,208,199,950. Based upon the closing price of Disney shares on December 21, 2012 at $50.00, the transaction has a total value of approximately $4.06 billion.

Lucasfilm’s assets include its massively popular Star Wars franchise, operating businesses in live action film production, consumer products, animation, visual effects, and audio post production, as well as a substantial portfolio of cutting-edge entertainment technologies. It operates under the names Lucasfilm Ltd. LLC, LucasArts, Industrial Light & Magic, and Skywalker Sound.

Forward-Looking Statements:

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to the expected benefits of the integration of Disney and Lucasfilm; the combined company's plans, objectives, expectations and intentions and other matters that are not historical fact. These statements are made on the basis of the current beliefs, expectations and assumptions of the management of Disney regarding future events and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Disney does not undertake any obligation to update or revise these statements, whether as a result of new information, future events or otherwise.

Actual results may differ materially from those expressed or implied. Such differences may result from a variety of factors, including but not limited to developments beyond the Disney’s control, including but not limited to: changes in domestic or global economic conditions, competitive conditions and consumer preferences; adverse weather conditions or natural disasters; health concerns; international, political or military developments; and technological developments. Additional factors that may cause results to differ materially from those described in the forward-looking statements are set forth in the Annual Report on Form 10-K of Disney for the year ended September 29, 2012, under the heading "Item 1A—Risk Factors," and in subsequent reports on Form 8-K and other filings made with the SEC by Disney.






last 10 shown - scroll to view more   Member Comments

yojoebro82
2012-12-27
9:04 pm

[quote name='featofstrength' timestamp='1356626457' post='16781052'] [quote name='yojoebro82' timestamp='1356579213' post='16781041'] The next director WON'T be JJ Abrams (link) I understand where he's coming from. As a fan I would jus... read more 
featofstrength
2012-12-27
4:40 pm

[quote name='yojoebro82' timestamp='1356579213' post='16781041'] The next director WON'T be JJ Abrams (link) I understand where he's coming from. As a fan I would just want to sit back and watch too. WHAT?! BUT I WANT MORE LENSE FLARES OFFA MY LIGHT... read more 
yojoebro82
2012-12-27
3:33 am

The next director WON'T be JJ Abrams (link) I understand where he's coming from. As a fan I would just want to sit back and watch too. 
jedimaster-c
2012-12-24
4:36 pm

[quote name='Wheeljack35' timestamp='1352221614' post='16778047'] [quote name='featofstrength' timestamp='1352213175' post='16778024'] [quote name='Wheeljack35' timestamp='1352147826' post='16777953'] [quote name='featofs... read more 
Bespin refugee
2012-12-23
10:06 pm

[url= (link) Walt Disney Company Completes Lucasfilm Acquisition[/url] 
Lady Jaye
2012-11-07
3:39 pm

So we have our potential big three coming back, but please not as the action's leads!!! Just as mentor roles!! To see them leap about would be sad!!! 
Bespin refugee
2012-11-06
8:29 pm

'Where is Chewie? is he all right? It seems in the EU, they killed him. They couldn't have,...he was alive,...I felt it...Noooooooo!'  
featofstrength
2012-11-06
5:47 pm

[quote name='Wheeljack35' timestamp='1352221614' post='16778047'] Wow thats cool..I don't know if I could sit through the 70's variety show musical numbers they do Bea Arthur's number is the best part to me...Harvey Korman in three terribly unfunny roles on... read more 
Wheeljack35
2012-11-06
5:06 pm

[quote name='featofstrength' timestamp='1352213175' post='16778024'] [quote name='Wheeljack35' timestamp='1352147826' post='16777953'] [quote name='featofstrength' timestamp='1352044548' post='16777866'] [quote name='Lady... read more 
featofstrength
2012-11-06
2:46 pm

[quote name='Wheeljack35' timestamp='1352147826' post='16777953'] [quote name='featofstrength' timestamp='1352044548' post='16777866'] [quote name='Lady Jaye' timestamp='1351920847' post='16777798'] Chewie member of the Senat... read more 
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