George Lucas puts nearly $2bn in Disney shares up for possible sale

George Lucas puts nearly $2bn in Disney shares up for possible sale
George Lucas has put almost $2bn in Disney shares up for potential sale.

The Star Wars creator was given a 2% stake in Disney upon its purchase of Lucasfilm last year - making him the company's second largest shareholder after Steve Jobs's estate.

Lucas's trust registered the shares with the Securities and Exchange Commission (SEC) on Wednesday (February 6).

Bloomberg notes a sale is not necessarily imminent, but the move does mean that the shares - which number over 37 million - could now be sold at a time of the filmmaker's choosing.

Documents state that the estimated value of each share is $53.78 (£34.36), as based on New York Stock Exchange figures for January 30, 2013.

This puts the maximum value of Lucas's stake in Disney at $1,993,798,414 (£1,273,887,705).

Lucas intends to donate most of the money he received from the sale of Lucasfilm to "philanthropic endeavours".

He established the George Lucas Educational Foundation, which promotes innovation in schools,
See full article at Digital Spy - Movie News »

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