George Lucas preps for sale of $2 billion Disney stake

Written By limadu on Kamis, 07 Februari 2013 | 08.36

Lucas owns roughly 2% of Disney currently.

NEW YORK (CNNMoney)

In a filing with the Securities and Exchange Commission on Wednesday, Lucas' trust registered his 37.1 million Disney (DIS, Fortune 500) shares for possible sale. The Star Wars creator received the shares, worth $2.02 billion at Wednesday's closing price, as part of Disney's $4 billion acquisition last year of his production company, Lucasfilm.

The move doesn't obligate Lucas to sell his shares immediately, though he said following the Disney acquisition last year that he planned to donate "the majority" of his wealth to education-focused charities.

"For 41 years, the majority of my time and money has been put into the company," Lucas said. "As I start a new chapter in my life, it is gratifying that I have the opportunity to devote more time and resources to philanthropy."

Lucasfilm did not immediately respond to a request for comment Wednesday.

Disney plans to release a new trilogy of Star Wars films starting in 2015, and CEO Bob Iger said this week that the company is also planning several separate spinoff films based on individual characters. To top of page

First Published: February 6, 2013: 7:12 PM ET


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