Disney has agreed to purchase Pixar for $7.4 billion, ending weeks of speculation surrounding the acquisition.
How quickly things change in Hollywood. It seems like just yesterday that Steve Jobs vowed to take Pixar elsewhere as soon as his studio’s contract with Disney ran out. Jobs fueded openly with Michael Eisner and the relationship between the two companies (and executives) could not have been worse. Now, Steve Jobs is about to become the single largest Disney shareholder.
Seriously, think of the implications of Steve Job being the single largest Disney shareholder.
For one, Disney is likely to halt their plans to market a Mickey Mouse branded Prism DuroSport.