Tuesday, January 24, 2006

Disney buys Pixar | CNET News.com

Disney buys Pixar | CNET News.com

Walt Disney announced Tuesday that it's paying $7.4 billion in stock to acquire Pixar Animation Studios--a deal that puts Apple Computer CEO Steve Jobs on Disney's board of directors. For the venerable animation giant, the move is a significant bet on Pixar's digital approach as the successor to the pen-and-ink industry popularized by Walt Disney. The purchase is also the latest indication of a tectonic collision between technology and Hollywood

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