Disney buys Pixar for 7.4B
 

Wow....

Disney has just announced that it will purchase Pixar Animation Studios in a deal worth around $7.4 billion in stock, making the animated studio a wholly owned subsidiary.

Chief personnel involved in the deal include Steve Jobs, Ed Catmull, and John Lasseter. Jobs will become Disney's largest individual shareholder and will hold a seat on the Disney board of directors; Catmull will become president of the combined Disney and Pixar animation studios, reporting to Disney Studios CEO Dick Cook; and Lasseter will become the "chief creative officer" of the combined animation studios. Lasseter will also become a chief advisor to the Walt Disney Imagineering group, devising new attractions for the Disney theme parks. In both roles, Lasseter will report directly to Disney CEO Bob Iger.

Amazing how this went from a bad situation (Disney breaking all ties with Pixar) to probably the best thing for Disney. Allowing Lasseter and Jobs more control of Disney can only be a good thing.

That should prove interesting as well. Jobs has never historically been a quiet person on any board he has been in and has come to success with Apple and Pixar on his own terms so I just cant see him following the company line at all times