Disney buying Pixar?
The Wall Street Journal reports that Disney is in serious negotiations to buy Pixar. Um, what took so long? Since the WSJ is subscription only, SciFi Wire fills us in on the deal:
In the deal under discussion, Disney would pay a nominal premium to Pixar's current market value of $6.7 billion in a stock transaction that would make Pixar chairman and chief executive officer Steve Jobs the largest individual shareholder in Disney, people familiar with the situation told the newspaper.
People familiar with the situation cautioned the Journal that the talks are at a sensitive stage and that the outcome isn't certain, noting that other options are possible.
So what would this mean ... Toy Story 3 done right? Herbie movies available for my Video iPod? Time will tell.
UPDATE: In case you hadn't heard, the deal is happening.
posted by JK Parkin @ 2:18 PM
1 Comments:
Hey.... Whatever it ultimately means, my hats off to Bob Iger if this proves to be his brainchild. We certainly know this couldn't/wouldn't have happen during Eisner's watch. Interesting note: When Apple acquired Jobs' Next, it was like Apple paying Next to make Jobs the CEO of Apple (a good strategy as well). What do you bet we see this process repeat with Disney too!
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