The Apple Core: Disney Board Approves $7B Pixar Acquisition

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Date: Tuesday, January 24th, 2006, 20:12
Category: The Apple Core

Its official. The Walt Disney Company today announced the acquisition of Pixar Animation Studios, the blockbuster animation studio majority owned by Apple’s Steve Jobs, for $7.4 billion.
Jobs will take a seat on the Disney board and Pixar President Ed Catmull will serve as president of the new Pixar and Disney animation studios. Pixar’s creative genius, John Lasseter will serve as chief creative officer of the animation studios, and will report directly to Disney CEO Bob Iger.
Read the rest of the story on my ZDNet Blog: The Apple Core.