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Jobs One Step Closer to His Mouse Ears

by , 8:05 AM EST, January 24th, 2006

It appears that Disney is prepared to announce on Tuesday that it is purchasing Pixar. According to The New York Times, Disney is prepared to offer Pixar CEO, Steve Jobs, about US$59 per share for the animation studio, valuing the company at about $7 billion. The deal still needs the vote of Pixar's board of directors.

The deal will blend Disney's animation department with Pixar, with Pixar's chief creative officer, John Lasseter, at the helm. Mr. Jobs will land a seat on Disney's board.

There is still a chance that the deal could fall through: The negotiations are at a very delicate point. An anonymous person that was briefed on the negotiation status commented "This is tricky. All of the things have to be just right."

Observer Comments

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Close Name:geoduck Posts: 1846 Joined: 30 Dec 2003
Tue Jan 24, 2006 9:26 am Subject:

The irony of this is that Disney got rid of their animation studios a couple of years ago.
http://www.filmbuffonline.com/News/2003-2004/DisneyClosesStudio.htm

In this article from 2003 they mention that Disney wanted to concentrate on computer generated 3D films so buying Pixar would not be a huge surprise. I just hope they don't screw it up.


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Close Name:Biff Posts: 1479 Joined: 08 Apr 2004
Tue Jan 24, 2006 9:30 am Subject:

So thats what like a 700% return on investment? No bad!


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View Name:Guest
Tue Jan 24, 2006 10:11 am Subject: ROI
Close Name:Biff Posts: 1479 Joined: 08 Apr 2004
Tue Jan 24, 2006 10:33 am Subject:

Oh yeah woops I forgot to multiply by 100. Darn complex math. Hehe.


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Close Name:DeepDish Posts: 57 Joined: 25 Jun 2001
Tue Jan 24, 2006 11:19 am Subject: 7B is not enough

Isn't 7 billion the current market cap. For Pixar to do this, shouldn't they add a little. Mabye 8 billion.


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Close Name:grshaner Posts: 19 Joined: 07 May 2004
Tue Jan 24, 2006 11:34 am Subject: New Products

Meeska-Mooska-Mouse-ka-pod!
Donald Mac
The iNCREDIBLES
Monster Cables for Mac (come in Sully Blue and Wizowski Green)
Christopher Robin now carries an iPOD into the 100 acre woods
Comic Life now adds Disney characters at random to your photos

New ABC Shows . . .
Desparate iLife '06
Garage Band with the Stars

AND CAN WE PLASE have Steve in charge of
Extreme Makeover - Tomorrowland!


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Close Name:fartheststar Posts: 218 Joined: 04 Jan 2004
Tue Jan 24, 2006 12:22 pm Subject:

Quote
grshaner wrote:
AND CAN WE PLASE have Steve in charge of
Extreme Makeover - Tomorrowland!


I like tomorrowland the way it is. It's the 60's tomorrow baby... yeah!


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Close Name:mrhooks Posts: 272 Joined: 28 Jul 2003
Tue Jan 24, 2006 1:11 pm Subject:

Actually, it's more like the Victorian tomorrow, since they remodeled it after their movie version of 20,000 Leagues Under The Sea. Most people agree it looks much worse than the original Tomorrowland look.


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Close Name:Al Swearengen Posts: 339 Joined: 10 May 2005
Tue Jan 24, 2006 1:12 pm Subject: Bring back

They should bring back the musical group Country Bear GarageBand

Quote
grshaner wrote:
Meeska-Mooska-Mouse-ka-pod!
Donald Mac
The iNCREDIBLES
Monster Cables for Mac (come in Sully Blue and Wizowski Green)
Christopher Robin now carries an iPOD into the 100 acre woods
Comic Life now adds Disney characters at random to your photos

New ABC Shows . . .
Desparate iLife '06
Garage Band with the Stars

AND CAN WE PLASE have Steve in charge of
Extreme Makeover - Tomorrowland!


 Reply | Quote
Close Name:Biff Posts: 1479 Joined: 08 Apr 2004
Tue Jan 24, 2006 2:38 pm Subject:

Quote
grshaner wrote:
Monster Cables for Mac (come in Sully Blue and Wizowski Green)
LOL


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Close Name:Al Swearengen Posts: 339 Joined: 10 May 2005
Tue Jan 24, 2006 5:25 pm Subject: It is official

I just heard a segment on CNN. It is official, Disney bought Pixar


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Close Name:Al Swearengen Posts: 339 Joined: 10 May 2005
Tue Jan 24, 2006 6:24 pm Subject: Jobs to be interviewed on CNN

Wolf Blitzer says the he will be talking to Steve Jobs about the Pixar-Disney deal. It should be within the next half hour.


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