Board Clears Iger To Seal Disney-Pixar Deal

dispix1.gifSo reports WSJ, NYT, BusinessWeek and NYpost:

WSJ: On Sunday and Monday, Disney’s board discussed the advanced negotiations and gave Disney CEO Bob Iger authority to complete a deal, says WSJ. Pixar’s board is expected to convene this morning to discuss a possible deal.

NYTimes: Sisney’s negotiators were then expected to approach their counterparts at Pixar on Tuesday to try to determine the price. Pixar’s board is to vote on the acquisition soon after that…All of the people briefed on the negotiations cautioned that the deal could fall apart at any time.

BW: The terms include giving Jobs an estimated 7% stake in Disney and letting Pixar’s top creative executive, John Lasseter, have a key role in advising Disney in creative matters.

FT: Short of an acquisition, Disney could take a strategic investment in Pixar, or find a way to renew a lucrative deal to distribute the studio’s films

For our full coverage of the deal, read our dedicated “Disney” section

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