BackGeorge Lucas prepares to cash out Disney stock
The document filed with SEC aims to allow the potential sale of the 37.1 million Disney shares in Lucas’s trust
PremiumNew York: “Star Wars" creator George Lucas is preparing a possible sale of his $2.02 billion stake in Walt Disney, according to a filing by the company on Wednesday with US federal regulators.
“The selling security holder may choose not to sell any of the shares offered by this prospectus."
Disney paid Lucas partly in shares when it purchased his LucasFilm Ltd last year for $4.05 billion.
The transaction paved the way for Disney to plan a new trilogy in the wildly popular Star Wars sci-fi saga, which has raked in an estimated $4.4 billion since 1977.
Three new films are expected to come out every two to three years starting in 2015.
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