Disney Buys Pixar For 7.4B, Jobs Takes Seat On Disney Board

Mickey Mouse and Nemo are now corporate cousins. Walt Disney has announced that it is buying Pixar, the animated studio led by Apple head Steve Jobs, in a deal worth $7.4 billion.
Source: CNN Money

Wow. With Michael Eisner out of there (thank god), things are very different. Of note:

John Lasseter ... will rejoin the House of Mouse as chief creative officer for the company's combined animated studios and will also help oversee the design for new attractions at Disney theme parks.
Robert Iger has done in very little time what Eisner never could, and for that I am thankful. Disney was very smart to buy Pixar - at any price - because without Pixar there is no Disney animation.

Soon we will be seeing Buzz Lightyear and Woody along side Mickey and Minnie in the Disney theme parks, and I think that is pretty cool.

I am sure Jobs will fire up the Disney board - and it needs it. As Jobs was the largest shareholder in Pixar, he is now the largest individual shareholder in Disney. Not a bad spot to be in.

What I would really like to find out is what Ed Catmull will be doing now. I am sure he will be an important part of Disney/Pixar, but I have no idea to what extent.

Some history: Steve Jobs bought the computer graphics division of Lucasfilm Ltd. from George Lucas in 1986 for $10 million. Pixar is born. Twenty years later Steve Jobs sells Pixar to Disney for $7.4 billion. Disney is reborn.

Return on investment, anyone?

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