Jan 22
The board of Pixar Animation Studios, the digital animations company, is set to meet tomorrow to approve the company’s $7bn (£3.9bn) takeover by Disney. The all-share deal will make Steve Jobs, the chief executive of Apple, around $3.5bn and the single largest shareholder in Disney. Jobs created Pixar in 1986 when he paid $10m for the computer animations division of Lucasfilm, owned by Stars Wars creator George Lucas. Despite the impending takeover of Pixar, Robert Iger, the chief executive of Disney, pledged in November that “animation is, and will remain, at the heart and soul of Disney”. Congratulations Steve and let’s hope we see many more great movies over the coming years!
