• George Lucas Files To Sell Off His 2 Percent Stake In Disney For Nearly $2 Billion

      Just four months after announcing the sale of Lucasfilm production company to Disney in a $4 billion deal, George Lucas, the screenwriter and director best known for the Star Wars series, has made a move toward cashing out — big time.



      In a regulatory document filed today with the Securities and Exchange Commission, Disney disclosed that George Lucas’ personal trust has registered for the ability to sell his two percent stake in the entertainment conglomerate, which could net him a total of $1.99 billion. The Lucasfilm sale made George Lucas Disney’s second largest single shareholder; the first is the estate of the late Steve Jobs.


      Per the document, Lucas now has the go-ahead to sell a total of 37,076,679 shares of Walt Disney Company common stock at a proposed price of $53.77 per share. The registration covers all of the stock that Lucas received as part of the Lucasfilm acquisition — after the registered stock is sold off, the document says, he will no longer own any portion of Disney stock.

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      Comments 9 Comments
      1. Beast's Avatar
        Beast -
        Wow. I wonder if this will get donated to charity as well?
      1. bigbarada's Avatar
        bigbarada -
        Kind of weird that he donated most of the $4 billion and is not cashing in nearly $2 billion in stock. If he donates that as well, then I'm going to start to wonder if he has some kind of terminal disease or something like that.
      1. bigbarada's Avatar
        bigbarada -
        I meant to say "is NOW cashing in nearly $2 billion in stock." For some reason the edit function is not working for me.
      1. Beast's Avatar
        Beast -
        I doubt he has some sort of terminal disease. Especially as he's going to be getting married soon.

        I just think he's looking to do some good with the profits from his Star Wars empire.
      1. bigbarada's Avatar
        bigbarada -
        Quote Originally Posted by Beast View Post
        I doubt he has some sort of terminal disease. Especially as he's going to be getting married soon.

        I just think he's looking to do some good with the profits from his Star Wars empire.
        Well, of course she's going to marry him. How else is she going to get all his money when he kicks the bucket?

        Anyways, I guess it's all a moot point now. Thanks for the update, Maerj2000.
      1. Beast's Avatar
        Beast -
        She's not exactly poor. She's pretty wealthy herself. And he already gave away most of his money.
      1. bigbarada's Avatar
        bigbarada -
        Quote Originally Posted by Beast View Post
        She's not exactly poor. She's pretty wealthy herself. And he already gave away most of his money.
        I'm know, I'm just poking fun.
      1. RendarStillLives's Avatar
        RendarStillLives -
        Isn't there a tax reimbursement on charitable donations? He'll still get his money or at least most of it.
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