Disney buys Pixar for $7.4 billion

Tuesday, January 24, 2006 Filed in: Apple | Movies
The Walt Disney Co today said that it would buy Pixar Animation Studios in a $7.4 billion deal that gives Pixar animators creative control over the world's most famous cartoon studio and makes Pixar CEO Steve Jobs one of Disney's largest shareholders.

Under the agreement, expected to close this summer, Jobs, who also heads Apple Computer Inc, will join Disney's board of directors.