LOS ANGELES (AP) - The Walt Disney Co. said it is buying longtime partner Pixar Animation Studios Inc. for $7.4 billion (euro6.03 billion) in stock in a deal that could restore Disney's clout in animation while vaulting Pixar CEO Steve Jobs into a powerful role at the media conglomerate.
Disney's purchase of the maker of the blockbuster films "Toy Story'' and "Finding Nemo'' would make Jobs Disney's largest shareholder, with about a 7 percent stake. Jobs, who owns more than half of Pixar's shares and also heads Apple Computer Inc., will also join Disney's board.
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