Sunday, January 22, 2006

Pixar And Disney, Wedded Bliss?

Reports are flying about that Disney has purchased Pixar.
LOS ANGELES Jan 19, 2006 — The Walt Disney Co.'s possible acquisition of Pixar Animation Studio could make Pixar CEO Steve Jobs a member of Disney's board and its single largest shareholder, a newspaper reported Thursday.

Job's and mouse ears? We'll have to wait and see. This news can't stay a secret for long.
Both companies declined comment to The Associated Press Thursday. Pixar has made several hit movies, including "Toy Story" and "Finding Nemo." Jobs is its largest shareholder, with more than 60 million shares, or 50.6 percent, according to Pixar's filings with securities regulators last year. At its current share price, his stake is worth about $3.44 billion. Jobs also heads Apple Computer Inc., the maker of the hugely successful iPod music and video player.

"Investors may hope that Mr. Jobs' successful track record at Pixar and Apple will rub off more broadly on Disney," Richard Greenfield, an analyst at Pali Research, wrote in a report Thursday.

If only Chicken Little had done better.

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