Tuesday, January 24, 2006

Disney acquires Pixar - the deal is finally done

The deal we have all been talking about is finally done. Both boards have now agreed a $7bn takeover of Pixar Animation by Disney, and it looks like Steve Jobs will join the board now that he owns 7% of Disney.

So, Disney gets to become the undisputed leader in animation again, both traditional animation and digital animation. And Disney trumpets the internet and digital era for media powerhouses.

This is a great deal, and if the Iger/Jobs double act can work, this could be the beginning of something really interesting at Disney and for Disney shareholders.

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