Walt Disney Company To Acquire Lucasfilm for $4 Billion

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George Lucas in 2004

As reported on October 30 by the New York Times: "The Walt Disney Company, in a move that gives it a commanding position in the realm of fantasy movies, said Tuesday it had agreed to acquire Lucasfilm Ltd. from its founder, George Lucas, for $4.05 billion in stock and cash.

"With the acquisition, Disney will acquire Lucasfilm’s live action production business, along with its Industrial Light & Magic effects business, its Skywalker Sound audio operation and its consumer products unit, among other things."

Read the entire story on The New York Times' Website.