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

Published on 02-06-2013 09:24 PM

9 Comments

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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Categories:
Disney-Lucasfilm

9 Comments

Beast - 02-06-2013
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Wow. I wonder if this will get donated to charity as well?

bigbarada - 02-07-2013
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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.

bigbarada - 02-07-2013
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I meant to say "is NOW cashing in nearly $2 billion in stock." For some reason the edit function is not working for me.

Beast - 02-07-2013
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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.

Maerj2000 - 02-07-2013
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Nope. http://tv.yahoo.com/news/george-luca...021056600.html

bigbarada - 02-07-2013
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Originally Posted by 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.

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.

Beast - 02-07-2013
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She's not exactly poor. She's pretty wealthy herself. And he already gave away most of his money.

bigbarada - 02-07-2013
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Originally Posted by Beast

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.