IGN has an interesting theory on why Lucas sold Lucasfilm to Disney for $4.05 billion just now. Read more after the break.
According to Seeking Alpha, "Lucas built his empire over many years and is sitting on a very large capital gain. Although Lucas has not publicly stated that tax policies had anything to do with the timing of the sale, there is speculation that it was a large factor. If outcomes from past tax policy changes are any indication of what will result this time around, then be prepared for a lot more selling between now and year-end."
"The election results are in and as expected Congress and the White House maintain status quo. As a result, certain tax codes like the capital gains and dividend and interest income tax rates are at risk of a significant increase," the site explains. "As the law currently stands, the capital gains tax rate will see the largest year-over-year increase in history. Some intelligent investors didn't wait for election results to lock in the low capital gains tax rate." And their example of such an investor? George Lucas."I guess we all have to thank Barack Obama for the more Star Wars movies we're getting. :)
Source: ign.com
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