George Lucas Files for Permission to Sell $2 Billion in Disney Shares
UPDATED: A regulatory filing reveals the "Star Wars" creator may cash out the stock he received when selling Lucasfilm to Disney. But he "does not currently have any plans" to sell, a spokesperson says.
George Lucas might not intend on keeping all of his huge chunk of Disney stock very long, judging from a regulatory filing signaling his right to sell more than 37 million shares -- amounting to all the stock he received when he sold Lucasfilm to Disney for $4 billion last year.
The sale of stock could occur via "ordinary brokerage transactions or through any other means described in this prospectus," the filing says.
At Disney's closing price of $54.52 Wednesday, the shares held by Lucas are worth $2.02 billion.
Read the filing here.
Despite the filing, a spokesperson from Lucasfilm says Lucas may not be selling anytime soon.
"George does not currently have any plans to sell his Disney stock," said LucasFilm's Lynne Hale. "This was a registration of ownership of stock in conjunction with the sale of Lucasfilm to Disney. It was a required filing."