Looks like Disney is set to buy Pixar in a stock swap worth $7 billion. That will net teh Steve $3.5 billion and make him the largest Disney shareholder. This has been a rumor for a while now, so it's not a huge shock, but it's still a pretty big deal. I guess final word will come tomorrow.
I guess Robert Iger (new CEO of Disney - replaced Eisner in 10/2005) is the one who made this happen. (Well, it hasn't officially happened yet, but people are talking like it is a done deal.)
I think Steve Jobs is an interesting figure, but I only really care about the Apple angle. Will getting rid of Pixar allow him to focus more on Apple? Or will being the largest Disney shareholder take away some of his focus? (Will they put him on the Disney board?) Will being a huge content industry share holder give him better access (and trust) in cutting content deals for the iTunes empire with other large IP holders?
Or is the market just going to continue tanking on Monday due to oil and Iran and the weakening dollar and this little $7b deal won't even cause a ripple in that hurricane? Interesting times, as they say.
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- jim 1-22-2006 5:45 pm
I guess Robert Iger (new CEO of Disney - replaced Eisner in 10/2005) is the one who made this happen. (Well, it hasn't officially happened yet, but people are talking like it is a done deal.)
I think Steve Jobs is an interesting figure, but I only really care about the Apple angle. Will getting rid of Pixar allow him to focus more on Apple? Or will being the largest Disney shareholder take away some of his focus? (Will they put him on the Disney board?) Will being a huge content industry share holder give him better access (and trust) in cutting content deals for the iTunes empire with other large IP holders?
Or is the market just going to continue tanking on Monday due to oil and Iran and the weakening dollar and this little $7b deal won't even cause a ripple in that hurricane? Interesting times, as they say.
- jim 1-22-2006 5:52 pm