Disney-Pixar deal to close by late April, May

napnet

napnet

Active Member
Original Poster
ANAHEIM, Calif., March 10 (Reuters) - Walt Disney Co.'s (DIS.N: Quote, Profile, Research) planned purchase of Pixar Animation Studios Inc. (PIXR.O: Quote, Profile, Research) likely will close in late April or May, Disney Chief Financial Officer Tom Staggs said on Friday at the company's annual meeting in Anaheim, California.
Disney in January announced that it would acquire Pixar in a $7.4 billion transaction giving Pixar animators creative control over the world's most famous cartoon studio and making Pixar Chief Executive Officer Steve Jobs Disney's largest individual shareholder.
As part of the deal, Jobs joins the Disney board.


http://today.reuters.com/investing/...1_N10477620_RTRIDST_0_MEDIA-DISNEY-URGENT.XML
 
Connor002

Connor002

Active Member
Ghostbuster626 said:
excellent. The faster this deal completes the faster Lasseter can get to work on restoring the magic of Disney.
Click to expand...

Lasseter is not a god... I too have high hopes for good things to come, but high expectations are only that much more likely to lead to high levels of dissapointment...
 

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