The Walt Disney organisation has stumped up $4.05 billion to buy Lucasfilm Ltd makers of the Star Wars movies.Disney, will pay half of the acquisition in cash and issue about 40 million in shares.

Lucasfilm is 100% owned by its chairman and founder, George Lucas. 

“This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value,” said Chief Executive Robert A. Iger.

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Under the deal, Disney will acquire Lucasfilm, including its Star Wars franchise and its business in live action film production, consumer products, animation, visual effects and audio post production, as well as the company’s portfolio of entertainment technologies.

Disney said will expand the “breadth and depth” of the merchandising surrounding the Star Wars franchise.