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Feds Allow Disney-Lucasfilm Deal To Proceed

Posted By Eric on December 4, 2012

Disney's $4.05 billion acquisition of Lucasfilm received legal authorization from federal regulators today, The Associated Press reports. The U.S. Federal Trade Commission, which reviews proposed mergers and acquisitions to identify violations of antitrust law, approved an "early termination" to its usual 30-day regulatory-review waiting period. The termination of the waiting period officially clears the way for the purchase to take effect, although neither Lucasfilm nor Disney has said when the deal will formally close. The AP also reported that George Lucas will receive half of the sale price in cash and the other half in Disney shares.

While the feds didn't have any antitrust concerns with the Disney-Lucasfilm deal, there's always this to consider:

Attention FTC: If Disney is allowed to buy Lucasfilm, it will have a monopoly on my childhood. mashable.com/2012/10/30/dis?
— Seth Fiegerman ✍ (@sfiegerman) October 30, 2012

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