Disney closes Pixar deal

Posted Monday, May 8, 2006 9:02 AM | Contributed by Jeff

Walt Disney Co. on Friday completed its acquisition of Pixar Animation Studios Inc. shortly after Pixar shareholders voted to approve the transaction. The all-stock transaction calls for Pixar shareholders to receive 2.3 shares of Disney stock in exchange for each Pixar share. At the time it was announced in January, the transaction was valued at $7.4 billion, based on Disney's then-share price of $25.52.

Read more from Reuters.

Monday, May 8, 2006 3:01 PM
It's also interesting to note that by holding 7% of the company's shares, Apple CEO Steve Jobs is now Disney's largest shareholder.

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