Disney acquired Lucasfilm on October 30, 2012, for $4.05 billion in the form of cash and stock, with $1.855 billion in stock.
What company sold to Disney $4 billion?
Lucasfilm is the company that sold to Disney for $4 billion.
Lucasfilm Ltd. LLC is an American film and television production company that was founded in 1971 in San Rafael, California, by filmmaker George Lucas.
The conversation relating to the possibility of The Walt Disney Company signed a distribution deal with Lucasfilm officially commence in May 2011, after a meeting that George Lucas had with the then Disney CEO Bob Iger during the inauguration of the Star Tours – The Adventures Continue attraction.
Lucas told Iger he was considering retirement and planned to sell the company, as well as the Star Wars and Indiana Jones franchises.
On October 30, 2012, Disney announced a deal to acquire Lucasfilm for $4.05 billion, with approximately half in cash and half in shares of Disney stock.
At the time of Disney’s acquisition of Lucasfilm, 20th Century Fox, the original distributor of the first six Star Wars films, was to retain the physical and theatrical distribution rights to both the prequel trilogy and Episodes V and VI of the original trilogy until May 2020.