Walt Disney Co. released terms for taking out Pixar Animation Studios Inc. after the market’s close Tuesday that featured a 3.8 percent premium in an all-stock deal valued at $7.4 billion.

The agreement also brings Pixar chairman and CEO Steve Jobs to the Disney board as a non-independent member and not only elevates Pixar creative executive John Lasseter to chief creative officer of both animation studios but makes him principal creative adviser at Walt Disney Imagineering.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]