1/22/2006

Disney Buys Pixar

Filed under: — By Aviran Mordo @ 8:50 am

Pixar is set to meet tomorrow to approve the company’s $7bn (£3.9bn) takeover by Disney. The all-share deal will make Steve Jobs, the chief executive of Apple, around $3.5bn and the single largest shareholder in Disney. Jobs created Pixar in 1986 when he paid $10m for the computer animations division of Lucasfilm, owned by Stars Wars creator George Lucas.

Source: slashdot

 

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