Disney Bid For Pixar Reported
John Boudreau writes in The Mercury News:
A marriage between Steve Jobs and Disney, a relationship sure to hasten Hollywood's embrace of the digital world, could be announced as early as this morning.
Analysts and industry observers spent much of Monday discussing the expected deal, in which Disney will buy Emeryville-based Pixar. The New York Times reported that a stock deal for about $7 billion could be announced today. The Times, citing people briefed on the negotiations, said Disney's directors were expected to give Chief Executive Robert Iger the green light to offer Jobs about $59 a share to acquire Pixar on Monday. Pixar, which has created blockbusters such as ``Toy Story'' and ``Finding Nemo,'' would vote on the deal as early as this afternoon.
Jobs, Pixar's largest shareholder, would also become a Disney board member.
posted by Fergie @ 1/24/2006 09:14:00 AM
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