Reuters is reporting that The Walt Disney Company Board of Directors has approved the deal that would buy Pixar in a stock swap worth over $7 billion. The Pixar Board is expected to meet today to discuss the terms. The AP is now reporting the same thing.
If the rumors are true, this would make Steve Jobs the largest holder of Disney stock. It would put John Lasseter in charge of Walt Disney Feature Animation while Pixar remained a separate unit up in Emeryville. Jobs may or may not get a seat on the Walt Disney Board of Directors. Disney will have closer ties to Apple. Bob Iger would fulfill one of his promises when taking over the company, reviving the faltering feature animation department. Walt’s company will once again be number one when it comes to animated films.
Could this really be a fairy tale ending to the story? We’ll have to wait and see. There will be a lot more details coming in the next few days, I imagine.