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January 05, 2006

Disney - Pixar : New Deal or Merger ?

Pixar Animation Studios shares soared to a record high Wednesday amid speculation that the company behind "Finding Nemo" and "The Incredibles" is on the verge of a new deal with — and possibly sale to — longtime partner Walt Disney Co. The nearly 8% jump in Pixar's stock, to $58.16 a share, comes as Chief Executive Steve Jobs and Disney Chief Executive Robert Iger have been negotiating to extend their companies' long-term distribution pact that ends this summer with the release of Pixar's "Cars." Recent talks have focused increasingly on Disney acquiring part or all of Pixar, two sources close to the matter said Wednesday. In that scenario, Jobs would become a major Disney shareholder and possibly the company's chairman. The sources would not speak on the record because talks were ongoing.

Details & Discussion Here
Posted By: Figment! @ 9:54 PM | permalink

 

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