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!
6 thoughts on “Jobs lands Disney!”
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:
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