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Technology Stocks : Pixar Animation
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To: Carol M. Morse who wrote (2208)2/18/1999 6:21:00 PM
From: Bob Walsh  Read Replies (1) of 3261
 
In the event of a takeover, it would have to be incredibly friendly - Steve Jobs owns a majority of the stock, so nothing happens without his permission. Disney currently owns 5% of the stock, and I believe they have the right to buy up to 10% more (I'm doing this from memory, please correct if wrong).

Bottom line: No one buys Pixar without Jobs' agreement. Also, the only way it works is if the employees are content with the deal or an acquirer would be buying a huge headache.
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