January 12, 2006

Disney To Buy Pixar?

Several top Wall Street analysts have dismissed speculation that the Walt Disney Co. plans to buy Pixar animation and install its chairman, Steve Jobs, as chairman of Disney, the Associated Press reported Tuesday. The wire service quoted David Miller of Sanders Morris Harris as saying, "I think it's absurd. ... It would have to be an enormously compelling offer to even have Mr. Jobs stop and consider it for maybe more than five seconds. ... He looks at Pixar like you and I look at our children," Miller said. "Our children aren't for sale." Doug Mitchelson, an analyst with Deutsche Bank Securities Inc., was quoted as saying, "We reaffirm our view that a Pixar acquisition by Disney makes no sense." Most analysts continue to predict that a deal between Disney and Pixar will be consummated. The A.P. observed that "the most likely reason for the delay is that a new deal with Disney is complex."

Link.

Posted by Ithildin at January 12, 2006 10:16 AM | PROCURE FINE OLD WORLD ABSINTHE

It sounds like any port in storm to find someone to replace Eisner.

Sure Jobs might understand Computers, Entertainment, and Animation, but what about the rest of the Disney line: Feature Films, Television Shows, and Theme Parks.

Posted by: The Thomas at January 12, 2006 12:12 PM