Your Assistance Please

We need your help to battle spammers and also to keep our community user friendly.
PLEASE BE KIND TO OTHERS - Refrain from personal attacks. Avoid politics and harsh language whenever possible. If someone is violating our simple rules, DO NOT confront them, simply report the post.
STOP SPAMMERS - Report the post. DO NOT respond to them.

2017 is a year of renewal for us, we have lots of exciting changes on the way for you, but we don't have time to deal with trolls and spammers. If you find yourself suspended and need to plead your case, you will need to do so after your suspension. We are happy to address your concerns if you made a simple mistake. However, please note that those with a history of bad behavior and pushing our rules to the limit will not be given the courtesy of a reply.

MiceChat offers a number of ways for you to communicate and get involved. We offer Facebook Groups and Pages, Twitter, Instagram and Pinterest accounts. We have a front page filled with amazing content. We offer weekly meetups in the parks. Meets and events all over the world. Podcasts and videos. And we continue to maintain forums for your posting convenience. But with all those options, we can't be everywhere all the time. We need YOUR help. Please don't poke the trolls. Report posts and leave reputation. We'll do our best to keep the forums clean and active, but we can't do so without your help.

Thank you for your support folks, it's going to be a really fantastic year in the MiceChat world.
See more
See less

Disney to Acquire Pixar for 7.4 B. in stock- Wall St. Journal - 1/24/06


Ad Widget

This topic is closed.
  • Filter
  • Time
  • Show
Clear All
new posts

  • Disney to Acquire Pixar for 7.4 B. in stock- Wall St. Journal - 1/24/06

    January 24th, 2005,
    Wall Street Journal (Subscription Site)

    Disney to Acquire Pixar
    For $7.4 Billion in Stock

    Staff Reporter of THE WALL STREET JOURNAL

    Walt Disney Co. said it had agreed to buy Pixar Animation Studios Inc. for around $7.4 billion in an all-stock deal. Pixar Chairman and Chief Executive Steve Jobs will take a seat on Disney's board and become the company's largest individual shareholder.

    Under the terms of the agreement, 2.3 Disney shares will be issued for each Pixar share. Shares of Disney closed Tuesday at $25.99, valuing each Pixar share at $59.78. Shares of Pixar closed Tuesday at $57.57 on the Nasdaq Stock Market. In buying Pixar, Disney will get the $1 billion of cash Pixar has on hand.
    Disney and Pixar put the finishing touches to the deal earlier today before presenting it to Pixar's board. Disney's board gave its Chief Executive Bob Iger the authority to complete a transaction.
    "The addition of Pixar significantly enhances Disney animation, which is a critical creative engine for driving growth across our businesses," said Mr. Iger in a statement. (See the companies' statement.)

    Pixar President Ed Catmull will become president of Pixar and Disney's combined animation business. The deal also gives Pixar's creative force, John Lasseter, a leading role as chief creative officer of the combination. Mr. Lasseter will also serve as principal creative adviser to Walt Disney Imagineering, where he will help design new theme park attractions.

    Disney and Pixar have been exploring ways to continue their lucrative partnership in on-off talks for several years. Disney, of Burbank, Calif., currently co-finances and distributes Pixar's movies under a deal that expires after Pixar's next movie, "Cars."

    Two years ago, Mr. Jobs said he planned to end Pixar's relationship with Disney and seek another studio to be its distribution partner. When he took the reins from former CEO Michael Eisner in October, Mr. Iger set a priority of patching up relations with Mr. Jobs, who had had a fractious relationship with Mr. Eisner. Mr. Iger more recently has highlighted reviving Disney's animation business as a number one creative priority for the company.

    "Disney and Pixar can now collaborate without the barriers that come from two different companies with two different sets of shareholders," said Mr. Jobs in a statement. "Now, everyone can focus on what is most important, creating innovative stories, characters and films that delight millions of people around the world," he said.

    A deal gives Disney control of the Emeryville, Calif., company that has pioneered the popular computer-animation genre with hits including "Toy Story" and "The Incredibles." Disney's own animation unit has had a difficult time in recent years, having stuck too long with traditional hand-drawn films that were increasingly unpopular with audiences. Disney itself is transitioning to computer-generated films, such as its recent "Chicken Little."
    Last edited by dramaqueen; 01-25-2006, 10:30 AM.
    Growing older is manditory
    Growing up is however, optional

Ad Widget