The Nerd said:

Well this sucks! Why close down a company that makes millions every year? It would be one thing to rename it something like "Disney & LucasArts", "Disney LucasArts" or "LucasArts Disney". But shutting it down? Looks like we will never get another Star Wars game ever.

They just shut down internal development department of LucasArts which haven't made a good game in a decade. I sure they will continue to license other developers to make Star Wars games, as they have now anyway.