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DISNEY CONFIRMS PIXAR ACQUISITION
Jobs joins Mouse board
Walt Disney Co., whose recent hand-drawn animated films have flopped at the box office, will pay $7.4 billion in stock to buy Steven Jobs's Pixar computer-animation film studio. Jobs will join Disney's board.
Disney, the second-largest U.S. media company, will pay $59.78 a share for Pixar, the companies said today in a statement. That's a 3.8 percent premium over Pixar's closing stock price of $57.57.
Jobs joins Mouse board
Walt Disney Co., whose recent hand-drawn animated films have flopped at the box office, will pay $7.4 billion in stock to buy Steven Jobs's Pixar computer-animation film studio. Jobs will join Disney's board.
Disney, the second-largest U.S. media company, will pay $59.78 a share for Pixar, the companies said today in a statement. That's a 3.8 percent premium over Pixar's closing stock price of $57.57.