BREAKING: Disney Buys Lucasfilm; ‘Star Wars 7′ Slated For 2015 Release

Disney has just confirmed that it has agreed to acquire George Lucas’ Lucasfilm Ltd, and that includes rights to the Star Wars franchise. The companies have also targeted a 2015 release for Star Wars: Episode 7. The stock and cash transaction is worth an estimated $4.05 billion, and the companies have scheduled a conference call in a half-hour to discuss the deal.

“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Disney chairman and CEO Bob Iger in a release announcing the deal. “This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value.”

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