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Old January 24th, 2006, 11:54 AM   #1
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Default Pixar buyout for $7 billion

all i have to say is WOW, $7billion. Interesting enough, this would make Steve Jobs the largest shareholder of Disney Stock.

Disney also owns ABC and a slue of cable channels too.

Original Article
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.

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Old January 24th, 2006, 02:26 PM   #2
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All I gotta say about Disney is that as long as people keep popping out babies they will not go outta business.
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