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Jobs One Step Closer to His Mouse Ears

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."

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