Disney buys Pixar; Jobs largest Disney shareholder

The board of Pixar Animation Studios, the digital animations company, is set to meet tomorrow to approve the company's $7bn (£3.9bn) takeover by Disney.

The all-share deal will make Steve Jobs, the chief executive of Apple, around $3.5bn and the single largest shareholder in Disney. Jobs created Pixar in 1986 when he paid $10m for the computer animations division of Lucasfilm, owned by Stars Wars creator George Lucas. [Telegraph; hat tip to MacSlash]