Sunday, January 22, 2006

Is Disney buying Steve Jobs' Pixar?

Unconfirmed news have appeared in some web blogs saying that Disney would be buying Pixar from Steve Jobs for $7 billion dollars. Steve Jobs would continue as the main executive of Pixar, and would become one of the largest shareholders of Disney.

There is no confirmation but these sites say that tomorrow (Monday) there will be an official announcement. An interesting comment about the purposes of the buy out from applexnet:

Like NeXT (one of Steve Jobs's projects) was bought by Apple, and its technology incorporated into the company to revamp its product line, Pixar (again a project of Steve Jobs's) may very well save Disney. For those that either fear that Disney's long-lived traditional animation techniques will be completely replaced by computer 3D rendering, or believe that Disney will mishandle Pixar's talent and resources and bring an unfortunate end to the latter studio's successful run of films, consider two facts: the executives at Pixar, Steve Jobs included, believe that this will be as good for Pixar as it will be for Disney. No one at Pixar would be going along with the purchase if they thought that Disney was going to ruin them. Secondly, it is noteworthy that Steve Jobs is the largest shareholder at Disney. Steve Jobs has a reputation for getting what he wants, and it's doubtful that he made this deal without knowing he would have a significant say in Disney's direction. There may well be a rehash of the old joke, as 'Pixar buys Disney for -$7 billion.'

Technorati Tags: ,


Post a Comment

<< Home