Walt Disney Co on Friday completed its acquisition of Pixar Animation Studios Inc. shortly after Pixar shareholders voted to approve the transaction.
The all-stock transaction calls for Pixar shareholders to receive 2.3 shares of Disney stock in exchange for each Pixar share. At the time it was announced in January, the transaction was valued at $7.4 billion, based on Disney’s then-share price of $25.52.
I haven’t decided if this is really a good thing or not. While it’s good on some levels, I can’t help but wonder if the creative edge that Pixar had will be lost forever… I hope not.
Technorati Tags: Walt Disney Co., Pixar Animation Studios, acquisition
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I have to think this acquisition was more about stopping the competition than adding value to Disney. I think you were right.