The Walt Disney Company Completes Lucasfilm Acquisition

Fri Dec 21, 2012 5:00pm EST

* Reuters is not responsible for the content in this press release.

Deal expected to strengthen Disney`s position as a leading global provider of
high-quality branded entertainment and build long-term shareholder value
BURBANK, Calif.--(Business Wire)--
Continuing its strategy of delivering exceptional creative content to audiences
around the world, Robert A. Iger, President and Chief Executive Officer of The
Walt Disney Company (NYSE:DIS) announced today that Disney has completed its
acquisition of Lucasfilm Ltd. LLC. 

"We`re thrilled to welcome Lucasfilm to the Disney family," said Iger. "Star
Wars is one of the greatest family entertainment franchises of all time and this
transaction combines that world class content with Disney`s unique and
unparalleled creativity across multiple platforms, businesses, and markets,
which we believe will generate growth as well as significant long-term value." 

Under the terms of the merger agreement, at closing Disney issued 37,076,679
shares and made a cash payment of $2,208,199,950. Based upon the closing price
of Disney shares on December 21, 2012 at $50.00, the transaction has a total
value of approximately $4.06 billion. 

Lucasfilm`s assets include its massively popular Star Wars franchise, operating
businesses in live action film production, consumer products, animation, visual
effects, and audio post production, as well as a substantial portfolio of
cutting-edge entertainment technologies. It operates under the names Lucasfilm
Ltd. LLC, LucasArts, Industrial Light & Magic, and Skywalker Sound. 

Forward-Looking Statements:

Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements relate to the expected benefits of the integration of
Disney and Lucasfilm; the combined company's plans, objectives, expectations and
intentions and other matters that are not historical fact. These statements are
made on the basis of the current beliefs, expectations and assumptions of the
management of Disney regarding future events and are subject to significant
risks and uncertainty. Investors are cautioned not to place undue reliance on
any such forward-looking statements, which speak only as of the date they are
made. Disney does not undertake any obligation to update or revise these
statements, whether as a result of new information, future events or otherwise. 

Actual results may differ materially from those expressed or implied. Such
differences may result from a variety of factors, including but not limited to
developments beyond the Disney`s control, including but not limited to: changes
in domestic or global economic conditions, competitive conditions and consumer
preferences; adverse weather conditions or natural disasters; health concerns;
international, political or military developments; and technological
developments. Additional factors that may cause results to differ materially
from those described in the forward-looking statements are set forth in the
Annual Report on Form 10-K of Disney for the year ended September 29, 2012,
under the heading "Item 1A-Risk Factors," and in subsequent reports on Form 8-K
and other filings made with the SEC by Disney.

The Walt Disney Company
Zenia Mucha, 818-560-5300 

Copyright Business Wire 2012
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