Disney 'seriously' looking to buy Pixar
updated 08:55 am EST, Thu January 19, 2006
WSJ on Disney-Pixar
Disney is in "serious discussions" to buy Pixar after months in which the two animation giants have been exploring ways to continue their lucrative partnership, according to a report in the Wall Street Journal. The report says that Disney would pay a "nominal premium to Pixar's current market value of $6.7 billion in a stock transaction that would make Pixar [and Apple CEO] Steve Jobs the largest individual shareholder in Disney, according to people familiar with the situation. That would vault Mr. Jobs into an even more influential place in the media world, where he already holds tremendous sway as head of Apple." The agreement would help bring the most successful producer animated movies, while its Disney's feature animation department is in the midst of a still-uncertain transformation and would also give Disney greater access to a stable of new characters that could be leveraged across the Disney empire. Jobs is the largest shareholder in Pixar, with slightly more than 60 million shares, or 50.6 percent. [registration required]
Fresh-Faced Recruit
Joined: Aug 2001
Why oh why?
Not why does Disney want to do this. Why is this being reported on MacNN, you know, the site dealing with news regarding macintosh computers and all things apple.
The only relationships here are: 1) Steve Jobs happens to own Pixar (although Pixar and apple have no real tie-ins)
2) Disney has oft been rumored to be buying out apple (never sure why, it never made sense in terms of markets and such, but idiots will believe what they want).
I guess this ranks up there with "Steve Jobs can't demolish house" and "Avie Tevian gets four numbers in the lotto - goes out and buys a round at the local pub!"