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Saturday, January 28, 2006

Disney Purchases Pixar

The Walt Disney Company bought Pixar Animation Studios for $7.4 billion in stock ($59.78 per share). Pixar CEO Steve Jobs, creator of Apple Computers will join Disney's board. Disney owns theme parks, ABC and ESPN. Pixar made such blockbuster films as "Toy Story," "The Incredibles" and "Finding Nemo." Robert Iger is the Disney CEO.
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