Disney is planning to announce as early as today that it will acquire Pixar in a deal worth $7 billion.
Mouse House would offer Pixar Animation Studios a stock deal of $59 per share; the animation unit would become part of Disney’s filmed animation division.
Deal would grant Pixar CEO Steve Jobs a seat on Disney’s board. Other details, such as employment contracts, have not been finalized, although John Lasseter, Pixar’s chief creative officer, is expected to lead the new operation.
Once an agreement has been reached, deal must be approved by both companys’ boards.
Buzz recently centered on whether a Pixar deal would be a straight acquisition or a continuation of the distrib deal already in place.