“George Lucas has no plans to sell his $2.02 billion stake in Walt Disney Co., his spokeswoman said, following a regulatory filing by the company that allows the “Star Wars” creator to divest the stock at his discretion,” Rob Golum reports for Bloomberg News.
“Lucas, 68, holds 37.1 million shares of Burbank, California-based Disney, a 2.1 percent stake, according to a registration yesterday by the film, TV and theme-park company,” Golum reports. “Disney agreed to register the stock as part of its accord to purchase the filmmaker’s Lucasfilm Ltd. The deal was completed on Dec. 21.”
Golum reports, “With the sale of his company, Lucas became the second- largest non-institutional shareholder in Disney, behind the trust of late Apple Inc. co-founder Steve Jobs, who sold Pixar to Disney in 2006.”
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MacDailyNews Note: Steve Jobs’s 7.7% stake in Walt Disney Co. was transferred on his death to a trust led by Laurene Powell Jobs, widow of the Apple Inc. co-founder.