Disney has formally announced the aquisition of Pixar for the purchase price of $7.4 billion. Pixar CEO Steve Jobs will become Disney’s largest shareholder as a result of the deal.

Pixar CEO Steve Jobs will become Disney’s largest shareholder, giving him an extraordinary position at the confluence of technology and entertainment, computers and film, as well as a commanding presence in the music industry through Apple’s iTunes Music Store. For Disney, and its new CEO Robert Iger, the deal secures what has been a hugely valuable source of animated hits.

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