30th October 2012  Disney to acquire Lucasfilm.

The Walt Disney Company (DIS) has acquired Lucasfilm for $4.05 billion and announced a new trilogy of "Star Wars" films starting in 2015.

The surprise announcement came on Tuesday with major stock markets closed due to Hurricane Sandy. In June George Lucas announced his intention to retire from the company and appointed Kathleen Kennedy as chief executive. Under the new deal with Disney Kennedy will become the President of Lucasfilm and will report to Disney Chairman Alan Horn.

Disney immediately said it will make three new "Star Wars" films, beginning with Episode VII in 2015. Along with the "Star Wars" and "Indiana Jones" franchises Disney will also acquire special-effects company Industrial Light & Magic, Skywalker Sound and video game publisher LucasArts.

The $4.05 billion price tag was reached based on the value of Disney stock; half of the money will be in the form of 40 million shares, giving Lucas a 2.2% holding in Disney. The deal reunites Lucasfilm with Pixar which was part of its computer division before Steve Jobs bought it in 1986. Disney acquired Pixar from Jobs for $7.4 billion in 2006, including 138 million shares. This 7.7% stake, which made him Disney's largest shareholder, is now controlled by the Steven P. Jobs Trust and is overseen by his widow Laurene Powell.