Let’s face it. Disney movies totally blow. They used to be good back in the day when they had trippy pink elephants and hooka smoking caterpillars. But now it’s all lame princess crap all the time.
So finally, after months of negotiations with Pixar, Walt Disney Co. will cough up $ 6.3 billion in stock plus $1.1 billion of “computer animation specialists” dough to buy the more successful motion picture company. (Who’s ever heard of computer animation specialist money, anyways, let alone a billion bucks of it?)
The deal combines the two companies that have been partners for more than a decade, and gives Disney a leg up in animated films, where it has been struggling in recent years.
Ok, so it’s official: Steve Jobs is one person who is not depressed on this most depressing day of the year.
Disney, Pixar agree to $7.4 billion deal [Market Watch]