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.
Disney’s distribution deal with Pixar was due to end this year, and it seemed the two would split after failing to agree on how to divide future profits.
However, Disney’s new boss Robert Iger has been working to revive relations between the two companies.
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