After rumors abound, it is official. Disney has purchased Pixar Animation Studios for a hefty $7.4 Billion Dollars.

Coincedently, Steve Jobs (CEO and Chairman of Pixar and Apple) sold to make a fast buck. Since Jobs owned Pixar, he sells to Disney where he becomes Chairman of the board over at Disney as well(since he is the top share-holder for Disney). Most likely using this to his benefit so he can put Disney movies on iTunes… making even more money.

This entry was posted on Wednesday, January 25th, 2006 at 2:28 pm by kenny and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.