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No, George Lucas Isnt Selling His Entire $2 Billion Stake in Disney
It's not exactly the most thrilling document George Lucas has ever put his pen to. The Star Wars creator filed prospectus form S-3 with the Securities and Exchange Commission Wednesday -- one that basically allows him to sell off the $2 billion he got in Disney stock as part of the sale of Lucasfilm.
But is Lucas, who became Disney's second largest shareholder after the estate of Steve Jobs, really prepping to sell his entire stake? That would be a profoundly un-Jedi-like decision, not to mention a dumb investment move.
Lucas' Disney shares are numerous enough -- 37,076,679 of them, to be precise -- that selling them all at once would likely trigger a run on the stock. It would send…
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More About: disney, George Lucas, Star Wars
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