Disney Close to Acquiring Pixar

by | January 24, 2006 | Comments

According to the New York Times, Disney is close to acquiring Pixar in a stock deal worth about $7 billion. People briefed in the negotiation told the Times that the deal "could fall apart at any time."

Several crucial details are still being hammered out, but if the Pixar board approves, its animation unit will join Disney’s, with John Lasseter expected to oversee the combined unit.

Steve Job, Pixar’s CEO, will become Disney’s largest shareholder and is expected to be given a seat on the board.

Disney and Pixar currently have a distribution deal where Disney owns the rights to movies it distribute for Pixar. "Cars," scheduled for a summer release this year, is the last movie under this deal.

Tag Cloud

Video Games discovery Year in Review Action Interview Tomatazos Spring TV Calendar Showtime psycho Writers Guild of America Rom-Com Ellie Kemper X-Men Ghostbusters DC streaming service harry potter technology IFC Election Star Wars serial killer historical drama Pop Marvel Sundance Now Nat Geo Music unscripted APB cops ratings TBS docudrama Tumblr Grammys cooking AMC Star Trek CBS All Access LGBTQ Masterpiece NYCC Cosplay Biopics Rocky TNT DC Comics Winners El Rey PaleyFest Spike Musical Dark Horse Comics Awards RT History E! SDCC Extras 45 ABC Family Comedy Central Rock social media police drama Animation Christmas WGN romance Sci-Fi Countdown MSNBC Lucasfilm Paramount adventure Starz History Disney The Arrangement period drama Infographic Nickelodeon OWN Kids & Family science fiction vampires Martial Arts GLAAD Nominations Logo Summer Certified Fresh Podcast Comedy VH1 Netflix Cartoon Network singing competition Sony Pictures Paramount Network A&E medical drama Pirates CMT Super Bowl Fall TV Best and Worst TLC Sneak Peek Fox News comiccon TIFF Teen The CW aliens Musicals Disney Channel 2016 HBO Fantasy cults Mindy Kaling Trailer Lionsgate VICE YA Bravo Hulu FXX dramedy supernatural 24 frames politics what to watch BBC America zombie ITV Thanksgiving Premiere Dates Warner Bros. Winter TV Comic Book 2015 Pixar TruTV PBS DirecTV crime thriller Sundance based on movie Horror TV Land Mystery justice league Opinion Food Network Set visit TCA Box Office CW Seed BBC cats TCM political drama First Look Oscars Creative Arts Emmys E3 See It Skip It Valentine's Day Country GIFs 2017 GoT Unbreakable Kimmy Schmidt dc American Society of Cinematographers CBS 21st Century Fox Trivia DC Universe golden globes Syfy Marathons FX Crackle FOX Drama TV crime diversity Britbox Photos talk show Watching Series Acorn TV thriller Character Guide Universal Schedule 007 USA Reality cinemax Esquire Superheroes ABC USA Network Emmys Lifetime TCA 2017 Toys travel IFC Films crime drama Western biography MTV composers Red Carpet dceu boxoffice Holidays CNN Reality Competition BET sitcom Amazon SundanceTV binge President transformers Adult Swim sports Polls and Games Freeform Mary Tyler Moore spy thriller NBC 20th Century Fox ESPN war