The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Jobs May Become Disney's Largest Share Holder

Jobs May Become Disney's Largest Share Holder

by , 10:05 AM EST, January 19th, 2006

Steve Jobs is on track to become the single largest individual shareholder in Disney stock if the rumors that the Magic Kingdom will buy Pixar come true. In addition to his duties as Apple's CEO, Mr. Jobs is also the chairman and CEO of the wildly successful Pixar animation studio. According to the Wall Street Journal, the two companies are close to signing a purchasing deal that will enhance and extend their partnership.

The deal has Disney paying a nominal premium to Pixar's current market value of US$6.7 billion. The stock transaction would ultimately make Mr. Jobs the single largest share holder in Disney stock, giving him an even more powerful and influential position in the entertainment market.

Pixar and Disney have been partners in animation for years. Pixar produces block buster movies, like Toy Story, Monsters Inc., Finding Nemo, and The Incredibles, and Disney distributes them.

In addition to Pixar's partnership with Disney, Mr. Jobs also works with the entertainment giant on another front. Disney is distributing some of its television programming like Desperate Housewives, Lost, and That's So Raven through the iTunes Music Store. Several Pixar shorts that it owns the distribution rights to are also available.

Recent Headlines - Updated August 4th

Mon,8:41 PM
Apple Reportedly Testing MVNO Carrier Service in U.S.
8:04 PM
Apple Buys 43 Acres in San Jose, Enough to Turn Spaceship HQ into a Fleet
6:02 PM
Apple’s ‘Ecosystem’ Developer Video
5:05 PM
Griffin’s WatchStand for Apple Watch is Beautiful, Full of Features
4:15 PM
TigerVPN Lite Lifetime Subscription: $29
1:31 PM
TMO Daily Observations 2015-08-03: Apple, BMW and Cars, Plus an iPhone Hologram Projector
11:17 AM
How to Turn Your iPhone into a Hologram Projector
9:40 AM
Siri Wants to Transcribe Your Voicemails
Sun,12:02 PM
MGG 564: Wave a Minty-Fresh Rubber Chicken Over It
Sat,10:30 AM
Rachio Iro - The Smart Sprinkler Controller
Fri,10:00 PM
Apple Has Starring Role in New Crypto War
5:40 PM
How to Create Signatures in Mail.app in iOS and OS X
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!