Disney late Friday said that it has completed its $4.06 billion cash-and-stock acquisition of "Star Wars" film franchise owner Lucasfilm Ltd.

The Burbank entertainment giant said it issued 37.1 million shares and made a $2.21 billion cash payment to buy the holding company from sole owner George Lucas. The total transaction value was based on Friday’s $50 closing price for Disney stock.

The acquisition includes Lucasfilm Ltd. LLC, LucasArts, Industrial Light & Magic and Skywalker Sound. Disney has announced plans to revive the "Star Wars" franchise, and expects to release "Episode 7" in 2015.

The European Commission, the EU’s anti-trust regulator, announced earlier today that it had cleared the sale. The U.S. Federal Trade Commission signed off on the deal earlier this month.

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