Disney-Lucasfilm Deal Cleared By Feds
Media Overreaction: George Lucas NOT Selling All His 37.1 Million Disney Shares
The Federal Trade Commission today gave Disney’s $4.05 billion purchase of Lucasfilm and the Star Wars franchise the green light. The FTC posted an “early termination” to its typical 30-day regulatory waiting period online Tueday. That clears any merger and antitrust issues for Disney. Announced October 30, the company’s acquisition of Lucasfilm can now formally move forward. No date of when the deal will actually close has been given by either Disney or Lucas. The year 2015 was given, however, as the date for the new Star Wars movie by Disney chairman and CEO Bob Iger when the deal was announced. At least two more Star Wars movies will follow in the next few years. Lucas himself has handed over the running of Lucasfilm to Kathleen Kennedy but is serving as a consultant and brand manager. The Hunger Games: Catching Fire scribe Michael Arndt was announced on November 9 as the screenplay writer for Episode VII.