• 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.

      Read the full story at TechCrunch.com
      Buy the hottest collectibles from: BigBadToyStore.com and BriansToys.com.


      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.
    • Recent Forum Posts

      JediTricks

      Transformers: Energon & Beyond

      Picked up Highbrow at Target for $10 simply because my Autobots are so outgunned now.


      Highbrow is based on Scourge, and inherits his

      JediTricks 11 Minutes Ago Go to last post
      JediTricks

      Rogue One not testing well, getting extensive reshoots according to Page Six gossip

      The aesthetic is the one part that feels firmly on point, unless you mean the cinematography portion of that which I have reservations based on the trailer,

      JediTricks 39 Minutes Ago Go to last post
      OC47151

      Survivor: Millennials vs. Gen X

      This edition of Survivor will be long remembered for the blindsides, the treachery and the explosive tribal councils. Wow. Zeke played a good game but

      OC47151 2 Hours Ago Go to last post
      Bel-Cam Jos

      Whatever basketball gets played 2011-12 to... ?

      Russell Westbrook's averaging a triple-double (and has 8 of them... so far this year), the Clippers of all teams are surging, and there's no absolutely

      Bel-Cam Jos 5 Hours Ago Go to last post
      Bel-Cam Jos

      It's College Football Again!

      I never was a fan of the conference title games (in FB or in BB, to be honest); let the season determine the winners. I still think (hope) that the playoffs

      Bel-Cam Jos 5 Hours Ago Go to last post
      Bel-Cam Jos

      What have you won in a contest, or raffle?

      I got a SB gift card at yesterday morning's all-staff meeting, for unrolling a TP roll the fastest (although the guy in second accused me of cheating

      Bel-Cam Jos 5 Hours Ago Go to last post
      Bel-Cam Jos

      How is the weather by you today?

      Quite windy, and with temps "only" in the low-60s, there is a legitimate wind-chill factor here for SoCal (maybe into the low-40s). Still sunny,

      Bel-Cam Jos 6 Hours Ago Go to last post
      DarkJedi5

      Rogue One not testing well, getting extensive reshoots according to Page Six gossip

      I agree that from what I hear, there's been a lot of tinkering by lots of folks. However, I do remember thinking to myself while watching TFA that almost

      DarkJedi5 16 Hours Ago Go to last post
      Maradona

      Rogue One not testing well, getting extensive reshoots according to Page Six gossip

      Sure sounds like a lot of cooks are in the kitchen, but I'm still optimistic about the film, though the trailers may have given away too much for my taste.

      Maradona 19 Hours Ago Go to last post
      JimJamBonds

      What are you listening to? (merged)

      No One Knows ~ Queens of the Stone Age.

      JimJamBonds 20 Hours Ago Go to last post
    Single Sign On provided by vBSSO