Pixar buyout for $7 billion

On Tuesday, board members for Pixar Animation Studios will meet to approve a $7 billion buyout by Disney.


The buyout will make Steve Jobs, the company's chief executive, around $3.5 billion and the single largest shareholder in Disney. Jobs, who co-founded Pixar in 1986, is also the chief executive of Apple Computer, Inc.


In the last few years Disney has failed to produce an animated hit of its own; however, since 1995, both Pixar and Disney have made six films together, including Toy Story, which has grossed the companies more than $3.2 billion.


News source: Telegraph

View: Pixar | Disney

Report a problem with article
Next Article

Multi Theft Auto: San Andreas Released

Previous Article

Supreme Court Denies BlackBerry Appeal

1 Comment - Add comment