Disney buys Pixar

This is big news: Disney buys Pixar

http://money.cnn.com/2006/01/24/news/companies/disney_pixar_deal/index.htm?cnn=yes

Comment: For years Pixar’s relationship with Disney was on the rocks, but now the CGI giant has been bought out by Disney.

((NEW YORK (CNNMoney.com) - Mickey Mouse and Nemo are now corporate cousins. Walt Disney has announced that it is buying Pixar, the animated studio led by Apple head Steve Jobs, in a deal worth $7.4 billion.))

Part of the deal has Steve Jobs becoming a board member of the company. Some believe that Disney didn’t want the company to fall into other competitors’ hands.

Useless facts about Pixar

~ Lucasfilm at one point owned Pixar. George Lucas’s company

~It was a part of ILM.

~Its first official movie was Star Trek II. They did the Genesis 3D effects.

~Pixar moved away from ILM and became it’s own company.

~Steve Jobs also owns Apple, which is having a great time now.