Disney buys Pixar
{{date|January 24, 2006}}

[[The Walt Disney Company]] has finalized a [[US$]]7.4 billion deal to acquire its long-time partner [[Pixar]] in an all stock buy-out. The deal will make [[Steve Jobs]], current Pixar and [[Apple Computer|Apple]] CEO, Disney's largest shareholder with about 7% (valued at over $3.5 billion) and a member of the board of directors. 

The merger was speculated all day Tuesday on the stock market and the announcement came just after trading closed for the day. Terms of the merger include Pixar's [[John Lasseter]] becoming Disney's new chief creative officer in charge of animation at the combined Disney-Pixar Animation Studios, as well as principal creative advisor at {{w|Walt Disney Imagineering}}, the unit of the company responsible for research and development of Disney theme parks worldwide.

Jobs purchased what became Pixar for $10 million in 1986 from [[George Lucas]]'s computer animation division at Lucasfilm. ''{{w|Toy Story}}'', its first feature film, came a decade later, and began a long string of animation hits, including ''Finding Nemo''. Such successes proved to be increasingly elusive for Disney to manage on its own. The partnership between the two studios had become shaky in recent years, as former Disney head {{w|Michael Eisner}} clashed with Jobs over the renewal terms of their agreement. In 2003, prior to his dismissal from Disney, Eisner infuriated Pixar's creative team by predicting ''Finding Nemo'' would be a failure. Steve Jobs broke off negotiations in January 2004, having told one executive previously, "I don't see how the relationship can continue as long as Eisner is there." 

{{haveyoursay}}
== Sources ==
*{{source|url=http://corporate.disney.go.com/news/corporate/2006/2006_0124_pixar.html|title=Disney To Acquire Pixar|author=Press Release|pub=The Walt Disney Company|date=January 24, 2006}}
*{{source|url=http://en.wikipedia.org/wiki/Pixar|title=Pixar|author=|pub=Wikipedia|date=January 24, 2006}}

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[[Category:Economy and business]] [[Category:Culture and entertainment]] [[Category:United States]]
[[Category:North America]]
[[Category:Steve Jobs]]
[[Category:Computing]]
[[Category:Science and technology]]
[[Category:The Walt Disney Company]]
[[Category:Pixar Animation Studios]]
[[Category:John Lasseter]]

[[de:Großfusion: Walt Disney kauft Trickfilmstudio Pixar]]
[[es:Disney compra Pixar]]
[[no:Disney kjøper Pixar for 7,4 milliardar dollar]]
[[pt:Disney compra a Pixar]]
[[sv:Disney köper Pixar för 7,4 miljarder dollar]]
The Walt Disney Company has finalized a US$7.4 billion deal to acquire its long-time partner Pixar in an all stock buy-out. The deal will make Steve Jobs, current Pixar and Apple CEO, Disney's largest shareholder with about 7% (valued at over $3.5 billion) and a member of the board of directors. 

The merger was speculated all day Tuesday on the stock market and the announcement came just after trading closed for the day. Terms of the merger include Pixar's John Lasseter becoming Disney's new chief creative officer in charge of animation at the combined Disney-Pixar Animation Studios, as well as principal creative advisor at , the unit of the company responsible for research and development of Disney theme parks worldwide.

Jobs purchased what became Pixar for $10 million in 1986 from George Lucas's computer animation division at Lucasfilm. Michael Eisner clashed with Jobs over the renewal terms of their agreement. In 2003, prior to his dismissal from Disney, Eisner infuriated Pixar's creative team by predicting Finding Nemo would be a failure. Steve Jobs broke off negotiations in January 2004, having told one executive previously, "I don't see how the relationship can continue as long as Eisner is there." 


de:Großfusion: Walt Disney kauft Trickfilmstudio Pixar
es:Disney compra Pixar
no:Disney kjøper Pixar for 7,4 milliardar dollar
Disney compra a Pixar
Economy and business Culture and entertainment United States North America Steve Jobs Computing Science and technology The Walt Disney Company Pixar Animation Studios John Lasseter