2012-10-30

Disney to buy "Star Wars" producer for $4.05 billion

Disney to buy "Star Wars" producer for $4.05 billion LOS ANGELES (Reuters) - Walt Disney Co has agreed to buy filmmaker George Lucas's Lucasfilm Ltd and the "Star Wars" franchise for $4.05 billion in cash and stock, a blockbuster deal that includes the surprise promise of a new film in the series in 2015. Disney Chief Executive Bob Iger, in prepared remarks for analysts, said the plan was to release a new movie in the series every two to three years thereafter. The last "Star Wars" picture was "Revenge of the Sith" in 2005, and Lucas has in past denied any plans for more. ...

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