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Jobs Stake in Disney Valued at $3.9B
By Associated Press |
Posted May 8, 2006, 8:05 PM EDT
LOS ANGELES -- Steve Jobs, the former chief executive of Pixar Animation Studios Inc., has received shares in The Walt Disney Co. worth $3.9 billion as part of Disney's acquisition of Pixar, according to a regulatory filing Monday.
Disney's purchase of Pixar for $7.4 billion in stock was completed Friday. Pixar shareholders received 2.3 shares of Disney stock in exchange for each of their shares.
That makes Jobs the single largest holder of Disney stock with 138 million shares, or 6.3 percent of outstanding stock.
Jobs was also named to Disney's board as a non-independent member.
Disney shares fell 32 cents to close at $28.77 Monday on the New York Stock Exchange. The stock has risen more than 20 percent so far this year.
By Associated Press |
Posted May 8, 2006, 8:05 PM EDT
LOS ANGELES -- Steve Jobs, the former chief executive of Pixar Animation Studios Inc., has received shares in The Walt Disney Co. worth $3.9 billion as part of Disney's acquisition of Pixar, according to a regulatory filing Monday.
Disney's purchase of Pixar for $7.4 billion in stock was completed Friday. Pixar shareholders received 2.3 shares of Disney stock in exchange for each of their shares.
That makes Jobs the single largest holder of Disney stock with 138 million shares, or 6.3 percent of outstanding stock.
Jobs was also named to Disney's board as a non-independent member.
Disney shares fell 32 cents to close at $28.77 Monday on the New York Stock Exchange. The stock has risen more than 20 percent so far this year.
