Disney buys Pixar
The Disney corporation in the United States has announced that it's buying Pixar film studios for more than seven-billion dollars, in a business deal that will combine two of the biggest names in animated films. This report from Guto Harri:

Disney is known throughout the world for cartoon characters that successive generations of children have grown up with. Pixar has an unbroken string of blockbuster hits. It produced "The Incredibles", "Toy Story" and "Finding Nemo".

The two companies have worked together on a number of projects over the last decade. But that arrangement was due to end this June. Now, in an all-stock transaction, Walt Disney will take over Pixar and bring its chief executive, Steve Jobs, onto its board.

Mr Jobs is the head of Apple, who recently unveiled the video iPod. That allows people to download films from the internet and watch them wherever and whenever they want on a screen which fits into the palm of their hand. The deal would therefore put Steve Jobs in a pivotal position to link traditional media with the new, or in other words, to bring Hollywood fully onto the web.

Source

Also, Toy Story 3 has been scrapped.

And the Disney monopoly grows a bit more...

Smart move.

Shows how much I know. I thought Disney already owned Pixar.

Walt Diseny: BWAHAHAHAHHA!!!!!