Disney buys Pixar for $7.4 billion in an all-stock deal. 

The transaction catapults Steve Jobs, the majority shareholder of Pixar with 50.1%, to Disney’s largest individual shareholder (with 7%) and a new seat on its board of directors

As part of the deal, John Lasseter becomes Chief Creative Officer. Pixar’s co-founder, Edwin Catmull retains his position as President of Pixar, while also becoming President of Walt Disney Animation Studios.


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