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RYU	Mar 21, 2006 05:31 PM

Disney Buy Pixar?

I want to know it happen or what?but i read on website for pixar there Acquire with Disney

Quote:

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 Pixar's fully diluted shares outstanding, the transaction value is $7.4 billion ($6.3 billion net of Pixar's cash of just over $1 billion).*

russ	Mar 21, 2006 05:36 PM

I don't understand what you're saying, but yeah, I have heard that Disney was going to buy Pixar. It's really not that unexpected, since Pixar rocks the CG movies, and that's a natural evolution for Disney movies to make.

But seriously, what does your last line even mean.

Neogin

Mar 21, 2006 05:52 PM

Yup, Disney is buying out Pixar. To be honest, it was about time.

Anyway, yeah, fill me in about your last sentence, RYU, >_>

Spyer

Mar 21, 2006 07:06 PM

Didn't they announce this like 4 months ago?

Lukage

Mar 21, 2006 07:10 PM

Quote:

Originally Posted by Spyer

Didn't they announce this like 4 months ago?

Yep. And they cancelled a few Pixar movies while they were at it. A Toy Story one I know.

Luckee Cookie

Mar 21, 2006 07:29 PM

Quote:

Originally Posted by Lukage

Yep. And they cancelled a few Pixar movies while they were at it. A Toy Story one I know.

WHAT?! Boohs! I think Disney is just running out of their own ideas... it's about time they need to find a new host... dum dee dummm :music:

RYU	Mar 21, 2006 08:50 PM

but is seem only Acquire with Disney about shares,I want to know how much money pay to buy Pixar?

joshi

Mar 21, 2006 08:55 PM

they pay much alot to Acquire to buy the Pixar

Watts

Mar 21, 2006 09:15 PM

Quote:

Originally Posted by RYU

but is seem only Acquire with Disney about shares,I want to know how much money pay to buy Pixar?

No cash was involved in the deal. Only stock. Pixar stockholders got 2.3 shares of Disney in the deal. Overall it was a 7.4 billion dollar deal.

BlueMikey

Mar 21, 2006 09:21 PM

Quote:

Originally Posted by Lukage

Yep. And they cancelled a few Pixar movies while they were at it. A Toy Story one I know.

No, they cancelled no Pixar movies. They cancelled a Disney version of Toy Story that they were developing without Pixar (their old contract said that Disney held the rights to making sequels to Pixar movies).

This was, bar none, the best news of the merger.

Diversion

Mar 21, 2006 09:25 PM

And this made Steve Jobs unnecessarily richer in stock!

Watts

Mar 21, 2006 09:26 PM

Quote:

Originally Posted by Diversion

And this made Steve Jobs unnecessarily richer in stock!

He bought his way onto the Disney board of directors. Can't be that bad. :)

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