Disney to buy Pixar?(!)

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From the front page of today’s Wall Street Journal:

Walt Disney Co. is in serious discussions to buy Pixar Animation Studios after months in which the two animation giants have been exploring ways to continue their lucrative partnership, according to people familiar with the matter.

In the deal under discussion, Disney would pay a nominal premium to Pixar’s current market value of $6.7 billion in a stock transaction that would make Pixar Chairman and Chief Executive Officer Steve Jobs the largest individual shareholder in Disney, according to people familiar with the situation. That would vault Mr. Jobs into an even more influential place in the media world, where he already holds tremendous sway as head of Apple Computer Inc. Yesterday, Apple reported that net income nearly doubled in the latest quarter on huge demand for its iPod music players. (See related article.)

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