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Disney down over 2% after acquiring Lucasfilm

The Walt Disney Company (DIS) is trading down after announcing on Tuesday afternoon the acquisition of George Lucas's entertainment company Lucasfilm for $4.05B, with half of the consideration in cash and approximately 40M shares of Disney stock. The acquisition will include the Star Wars franchise, the Indiana Jones franchise, and entertainment technologies Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound. The announcement also noted that "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," and "strengthens the long-standing beneficial relationship" between Lucasfilm and Disney's theme parks. Disney's stock was down $1.08, or 2.16%, to $49.00, but was defended by Wells Fargo, JPMorgan and Needham, who all believe the acquisition is a positive development for Disney.