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Thursday, Mar 28, 2024

Walt Disney to Purchase Pixar Animation Studios for $7.4 Billion

The Walt Disney Co. is buying Pixar Animation Studios for $7.4 Billion. Pixar produced “Toy Story” and “Finding Nemo”, and has been partners with Disney for the past 12 years. As a result, Pixar CEO Steven Jobs will become Disney’s largest shareholder. Jobs controls half of Pixar’s stock and heads Apple Computer Inc., will join Disney’s board of directors. John Lasseter, Pixar’s Executive Vice President, will now become chief creative officer of the animation studios and principal creative adviser at Walt Disney Imagineering, which builds the company’s theme parks. Ed Catmul, Pixar President, will serve as president of the new combined Pixar and Disney animation studios with the leadership of CEO Robert Iger and chairman Dick Cook of Walt Disney Studios.

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