I was a little surprised to run across this article at Reuters this afternoon. Apparently Disney is in “serious talks” to buy Pixar Animation Studios, according to a report in the Wall Stree Journal:
The newspaper report said terms under discussion would have Disney pay a small premium to Pixar’s current stock market value of $6.7 billion. The deal would be a stock transaction and make Pixar Chief Executive Officer Steve Jobs the biggest individual shareholder in Disney, the newspaper reported.
The talks are at a sensitive stage and other options are possible, including an agreement for Disney to distribute Pixar movies, the report said, citing people familiar with the situation.
Given that Jobs has been quite vocal about his dislike for Disney’s deal making in the past (though I am sure he wouldn’t mind being the largest shareholder), and considering the fact that Disney has already invested a lot of money in their own digital animation studio, the rumor is a bit surprising to me. I would be less surprised if the two worked out a new distribution deal for Pixar movies, all of which have been tremendously successful.
Of course, depsite all of that, the move would be great for Disney – a way to keep them relevant. Definitely another rumor to watch!