Pixar deal looks done

Move would grant Jobs a seat on Disney's board

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.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading