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 Pixaris board of directors.
The deal will blend Disneyis animation department with Pixar, with Pixaris chief creative officer, John Lasseter, at the helm. Mr. Jobs will land a seat on Disneyis 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."