Disney to Buy Pixar for $7.4 Billion

The Associated Press:

The Walt Disney Co. said Tuesday it is buying longtime partner Pixar Animation Studios Inc. for $7.4 billion in a deal that could restore Disney’s animation domination while vaulting Pixar CEO Steve Jobs into a powerful role at the media conglomerate.

Looks like good news for Pixar fans, in that Pixar people are taking over Disney’s animation unit, not the other way around. I’m already tiring of the “Pixar will be to Disney what Next was to Apple” analogy, but I must admit there are some parallels.

★ Tuesday, 24 January 2006