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January 24, 2006

The Walt Disney Co. Acquires Pixar Animation After months of negotiations, the Walt Disney Company has agreed to buy Pixar Animation. "The addition of Pixar significantly enhances Disney animation, which is a critical creative engine for driving growth across our businesses," Disney Chief Executive Robert Iger said in a press release. Under the terms of the deal, Pixar Chief Executive Steve Jobs will take a seat on the Disney board. The purchase is expected to be completed this summer.

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