Thursday, January 19, 2006

Disney in Talks to Acquire Pixar?


The Walt Disney Company is in serious talks about an acquisition of Pixar Animation Studios, according to The Wall Street Journal.

The newspaper report said terms under discussion would have Disney pay a small premium to Pixar's current stock market value of $6.7 billion. The deal would be a stock transaction and make Pixar Chief Executive Officer Steve Jobs the biggest individual shareholder in Disney.

The talks are at a sensitive stage and other options are possible, including an agreement for Disney to distribute Pixar movies, the report said.

The companies have been partners since Pixar began making feature films with Toy Story. Currently Pixar and Disney split costs, and Disney effectively has sequel rights to Pixar films.