On Tuesday, board members for Pixar Animation Studios will meet to approve a $7 billion buyout by Disney.
The buyout will make Steve Jobs, the company’s chief executive, around $3.5 billion and the single largest shareholder in Disney. Jobs, who co-founded Pixar in 1986, is also the chief executive of Apple Computer, Inc.
In the last few years, the giant company has failed to produce an animated hit of its own; however, since 1995, both Pixar and Disney have made six films together, including Toy Story, which has grossed the companies more than $3.2 billion.
News source: Telegraph
View: Pixar | Disney
Source: Neowin.net
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