Noooooooooo! -- Disney Buys LucasFilms (and Star Wars Franchise)

I'm not sure if this is good news or not.  Nevertheless, I went here to press the magic button. 

Disney has agreed to buy LucasFilms for $4B... that's $4,000,000,000.00.

Via Josh Wilding at ComicBookMoview.com:

Under the terms of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing.

I guess the only good thing about this is that we will definitely see more Star Wars movies/television shows in the future.

Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney's global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.

UPDATE:
Don Iger and George Lucas make an official announcement, via youtube.

Video Link:

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