Disney Buys Pixar

It’s a done deal, Disney buys Pixar in a deal worth $7.4 billion. As part of the deal, Steve Jobs will become a board member of Disney, and John Lasseter, the highly respected creative director at Pixar who had previously worked for Disney, will rejoin the House of Mouse as chief creative officer for the company’s combined animated studios and will also help oversee the design for new attractions at Disney theme parks.