Disney Buying Pixar For $7.4 billion
An AP newswire article, via MSNBC, reports that:
The Walt Disney Co. said Tuesday it is buying longtime partner Pixar Animation Studios Inc. for $7.4 billion in a deal that could restore Disney’s clout in animation while vaulting Pixar CEO Steve Jobs into a powerful role at the media conglomerate.
Disney will buy the maker of the blockbuster films “Toy Story and “Finding Nemo” in an all-stock transaction that makes Jobs Disney’s largest shareholder. Jobs, who owns more than half of Pixar’s shares and also heads Apple Computer Inc., will join Disney’s board.
posted by Fergie @ 1/24/2006 03:13:00 PM
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