Disney buys Pixar

According to Cnet, Disney acquire Pixar Animation Studios with $7.4 billion in stock--a deal that puts Apple Computer CEO Steve Jobs on Disney's board of directors and the biggest shareholder of Disney.

"Disney and Pixar can now collaborate without the barriers that come from two different companies with two different sets of shareholders," Jobs said in a statement. "Now everyone can focus on what is most important: creating innovative stories, characters and films that delight millions of people around the world."

Posted by Antony at January 25, 2006 9:21 AM

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