Disney-Pixar $7.4bn deal confirmed

The purchase by Walt Disney of Pixar, the animation company (Big Business January 20) was confirmed tonight. The agreed price of the all-share deal,  $7.4bn (£4.1bn), is a little more than most investment analysts predicted.

Pixar’s chief executive Steve Jobs, will join Disney’s board of directors and now the two firms can continue their successful collaboration of recent years which looked on the rocks just a few months ago.
 

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