Reply With Quotedoes that make my mickey ears hat worth anything?
Big news for our company today. Disney is aquiring PIXAR for around 7.4 billion dollars.
does that make my mickey ears hat worth anything?
Did you say Billion??
With a B?
Yes BILLION
Burbank, CA and Emeryville, CA (January 24, 2006) Furthering its strategy of delivering outstanding creative content, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE: DIS), announced today that Disney has agreed to acquire computer animation leader Pixar (NASDAQ: PIXR) in an all-stock transaction, expected to be completed by this summer. Under terms of the agreement, 2.3 Disney shares will be issued for each Pixar share. Based on Pixars fully diluted shares outstanding, the transaction value is $7.4 billion ($6.3 billion net of Pixars cash of just over $1 billion).
I travel with a few Diz animators on the train every day,, and they said Diz was trying to assemble a similar op to Pixar,, but couldn't pull it off so they bought them instead.
Good news for Steve Jobs as well then, he owns some of the technology right? All the "NEXT" technology was his.
Riverracerx, you work for Pixar?????
I hope this is a good thing for you?
No I work for Disney. But agree that we couldn't do anything as good as Pixar in-house. Although Chicken Little was not too bad.
I think Pixar is like the old days of Disney. They tell great stories.
I am glad something worked out, just because they are such a talented studio.
The Pixar movies rock... I hope they don't lose their identity.
bound to happen sooner or later no need for competition :cry:
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