“Pixar Animation Studios, creator of ‘The Incredibles,’ and The Walt Disney Co. are rumored to be on the verge of a deal — either a new distribution pact between the longtime partners or the possible sale of Pixar to Disney,” Adrienne Sanders reports for The San Francisco Business Times. “According to the Los Angeles Times, two sources close to the deal said ongoing talks have been turning to Disney acquiring all or part of Emeryville-based Pixar. In that case, Jobs, also CEO of Apple Computer, would become a major Disney shareholder and possibly the company’s chairman. Disney and Pixar have no official comment.”
“Analysts are questioning whether a full acquisition of Pixar would be a good move, even for a media conglomerate the size of Disney. Pixar’s market value is nearly $7 billion and Disney would likely pay a premium for the company,” Sanders reports. “Some analysts have speculated that selling Pixar would allow Jobs to focus on running Apple Computer Inc., which is enjoying the popularity of its iPod products. But others doubt that Jobs would be willing to sell off even part of Pixar, which he bought in 1986 from George Lucas for $10 million. Jobs and Pixar’s creative director, John Lasseter, a former Disney animator, established a independent and creative culture that draws in artists from around the world.”
Full article here.
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