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Interesting, because they used to own PIXAR but sold it to Disney. If this happens it would put them in competition with them.
by bobajeff 11y ago
Interesting, because they used to own PIXAR but sold it to Disney.
If this happens it would put them in competition with them.
- eyesee 11y agoApple never owned Pixar. You may be conflating them with Steve Jobs, who did own a majority stake at the time of the sale.
- bobajeff 11y agoOh, yes that's it.
- samfisher83 11y agoSteve jobs used to own Pixar.
- protomyth 11y agoHe became a billionaire again during the Pixar IPO with 80% of the stock.
- AnAfrican 11y agoIf i'm not mistaken, he also became Disney's biggest individual shareholder.
- protomyth 11y agoThat deal was on January 25, 2006. He became a board member and: "The transaction was an all-stock deal – making Steve Jobs Disney’s largest shareholder (he owned 50.6% of Pixar at that time; he owned more than 70% of the company when Pixar’s first proxy statement was filed in 1997 but had been diluted by share issuance / option grants over the years). Disney’s proxy statement filed in early 2007 shows that Jobs owned 138,000,007 shares of Disney – enough for a nearly 7% stake in the company. The 10-K for 2006 shows that Disney stock ended the year at ~$30 per share – making Steve’s stake worth more than $4 billion." http://www.gurufocus.com/news/315903/steve-jobs-investment-thats-returned-220x--and-its-not-apple http://www.gurufocus.com/news/315903/steve-jobs-investment-t...