Wednesday, January 25, 2006

Disney buys Pixar in $7.4bn deal

Walt Disney has agreed a $7.4bn (£4.1bn) deal to buy Pixar, the animation firm behind films including Toy Story and The Incredibles.
The all-share deal will see Pixar chief executive Steve Jobs join Disney's board of directors.

Under the agreement, 2.3 Disney shares will be issued for each Pixar share
Read more here


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