Steve Jobs has managed to sell Pixar Animation Studios to Disney for $7.4 billion in stock. As part of the deal, Pixar shareholders will receive 2.3 Disney shares for every Pixar share they own. Steve Jobs currently owns 50.6% of Pixar so this deal will mean that Steve jobs is going to become the single largest share holder in Disney!
I guess that means Steve has a lot more content for his iTunes Store!
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6 responses to “Jobs lands Disney!”
Iger continues to cement legacy: Do the opposite of whatever Eisner would have done
Disney’s Bob Iger continues to employ the “what-would-Eisner-not-have-done” strategy, this time by acquiring the very company that Eisner had all but driven away. Look at the difference between these two quotes:
Bob Iger: “A…
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How did you work out that Jobs will become the largest shareholder? Is the number of shares currently issued by Disney available?
It was reported in several of the news reports Michele – see this news.com report for example
Wow! I thought Eisner would have held the lion’s share
eWeek have a column on it as well:
http://www.eweek.com/article2/0,1895,1915695,00.asp