Disney Buys Pixar for 7.4b

[markatisu]

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.

[allaboutduncan]

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.

[markatisu]

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