Report: Disney Mulling Pixar Buy19 Jan, 2006 By: Erik Gruenwedel
Forget rekindled distribution talks between Pixar Animation Studios and The Walt Disney Co.
The Wall Street Journal last week reported Disney was “in serious talks” to acquire Pixar outright at a premium of its $6.7 billion market value.
Consummation of such a deal would reportedly make Pixar CEO Steve Jobs Disney's largest individual investor.
Disney, which as sequel rights to numerous Pixar titles, has been the Emeryville, Calif.-based animation studio's only distributor dating back to Toy Story.
The two companies, however, appeared to terminate future distribution deals last year as negotiations stalled and Jobs and former Disney CEO Michael Eisner feuded publicly.