Pixar Shareholders Approve Takeover
An AP newswire article, via The Globe and Mail, reports that:
Shareholders of Pixar Animation Studios Inc. Friday voted to approve the company's acquisition by The Walt Disney Co. for $7.4-billion in stock.More here.
The vote makes Pixar a wholly owned subsidiary of Disney and makes Pixar Chief Executive Steve Jobs Disney's single largest shareholder with about a 7 per cent stake.
posted by Fergie @ 5/05/2006 04:03:00 PM
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