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"Disney Buys Pixar": Deal Imminent?

by on January 24, 2006
 
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Separate reports in BusinessWeek and the Hollywood Reporter (quoting the Associated Press) are quoting anonymous sources that state that the Disney Board of Directors has approved the purchase of Pixar Animation Studios for approximately $7 billion. Disney may announce the deal, to be completed in a stock transaction, as early as today.

Representatives from both companies declined to comment for these reports.

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