disney buying pixar

[disneyfamily]

George Lucas is the one who actually started Pixar not Steve Jobs. Seve bought pixar from Lucas for $10 million dollars after Disney passed on it.

I was referring to the fact that Steve Jobs co-founded Apple.

 

[Rosso11]

I was referring to the fact that Steve Jobs co-founded Apple.

Sorry, your right about Apple.

 

[disneyfamily]

Sorry, your right about Apple.

No problem, but 6.7 billion its literally a ton of money for Pixar. You would have to sell a bunch of Buzz Lightyears dolls to recoup that kind of investment.

 

[Rosso11]

No problem, but 6.7 billion its literally a ton of money for Pixar. You would have to sell a bunch of Buzz Lightyears dolls to recoup that kind of investment.

Exactly, and thats just what the stock is valued at as of yesterday they still have to offer a premium on that stock in order to buy such a large amount. 7 billion is a lot more realistic number in the end.

 

[disneyfamily]

Exactly, and thats just what the stock is valued at as of yesterday they still have to offer a premium on that stock in order to buy such a large amount. 7 billion is a lot more realistic number in the end.

But then again, Disney wouldn't have to buy all 7 billion dollars worth only 51% or 3.57 billion.

 

[peter11435]

But then again, Disney wouldn't have to buy all 7 billion dollars worth only 51% or 3.57 billion.

If there goal is just to have a controling intrest then yes. However if they actually want to own the company they will need to buy all of it.

 

[disneyfamily]

If there goal is just to have a controling intrest then yes. However if they actually want to own the company they will need to buy all of it.

I think Pixar is a publicly held company, so buying every share of outstanding stock doesnt seem feasible. At what point does Disney own Pixar if 100% of the share not attainable. I would think 51% would be all they would have to have. Controlling interest. Even if the 49% of the other voting stock didnt like what Disney did they couldnt do anything about it. Disney would own Pixar.

 

[jcrb]

Pixar is a publicly traded company, what will happen is Pixar will go to the share holders and a cartain % has to vote on selling the company to Disney.

 

[peter11435]

I think Pixar is a publicly held company, so buying every share of outstanding stock doesnt seem feasible. At what point does Disney own Pixar if 100% of the share not attainable. I would think 51% would be all they would have to have. Controlling interest. Even if the 49% of the other voting stock didnt like what Disney did they couldnt do anything about it. Disney would own Pixar.

It doesn't matter. If Pixar (read a majority of their stockholders) agrees to a purchase, then all Pixar shares would be replaced by a certain number of Disney shares. For example someone who owns 1 shares of Pixar may now have 2 shares of Disney. It doesn't matter if some stockholders don't want to sell or not.

 

[dumboflyer]

The Pixar Board of Directors has to agree on the sale first, if the Disney board makes an offer. If, and only if, the Pixar board agrees, then the shareholders get to vote. Pixar's articles of incorporation dictate what percentage is needed to sell the company. If the requisite percentage is reached, then all Pixar shareholders have the option of exchanging their stock for Disney stock or selling their shares at market value.

Here ends your friendly Delaware merger law lesson. Thank you.

 

[disneyfamily]

The Pixar Board of Directors has to agree on the sale first, if the Disney board makes an offer. If, and only if, the Pixar board agrees, then the shareholders get to vote. Pixar's articles of incorporation dictate what percentage is needed to sell the company. If the requisite percentage is reached, then all Pixar shareholders have the option of exchanging their stock for Disney stock or selling their shares at market value.

Here ends your friendly Delaware merger law lesson. Thank you.

Great job! That clears it up.....What were we talking about again? :veryconfu

 

[peter11435]

The Pixar Board of Directors has to agree on the sale first, if the Disney board makes an offer. If, and only if, the Pixar board agrees, then the shareholders get to vote. Pixar's articles of incorporation dictate what percentage is needed to sell the company. If the requisite percentage is reached, then all Pixar shareholders have the option of exchanging their stock for Disney stock or selling their shares at market value.

Here ends your friendly Delaware merger law lesson. Thank you.

Thank You.