Disney reached an agreement to buy Pixar on January 24, 2006, and the acquisition was completed on May 5, 2006.
Based on the provided information, the process of Disney acquiring Pixar involved two key dates: the agreement date and the completion date.
On January 24, 2006, after a period of negotiations, Disney and Pixar reached a definitive agreement for The Walt Disney Company to purchase Pixar Animation Studios. This agreement was a significant milestone, signaling the intent and terms of the acquisition, which was valued at approximately $7.4 billion at the time and structured as an all-stock deal.
Following this agreement, certain conditions needed to be met, including approval from Pixar shareholders. Once the necessary approvals were obtained, the acquisition was officially finalized and completed on May 5, 2006. This date marks the official transfer of ownership, making Pixar a wholly-owned subsidiary of The Walt Disney Company.
Key Dates in the Disney-Pixar Acquisition
Understanding these dates helps clarify the timeline of the significant event that brought two animation powerhouses together.
| Event | Date | Significance |
|---|---|---|
| Agreement Reached | Jan 24, 2006 | Disney and Pixar agree on acquisition terms. |
| Acquisition Completed | May 5, 2006 | Official transfer of ownership finalized. |
This acquisition integrated Pixar's creative leadership and technological prowess with Disney's vast resources and global distribution network, profoundly impacting the animation industry.
