I thought Lucas had decided to make Episode 7 as a sweetener to sell the company, but when Disney became aware of it they said "no, it's ok, you don't have to make episode 7, here take our money, we will do it!"
http://www.usatoday.com/story/life/movies/2015/01/12/george-lucas-strange-magic-movie/21624493/
Damn lucky - if he had directed another SW movie it might have killed it for good.