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Happily ever after?: DISNEY WEDS ITS FUTURE TO PIXAR WITH JOBS STARRING IN LEAD ROLE.

San Jose Mercury News (San Jose, CA)

| January 25, 2006 | COPYRIGHT 2007 San Jose Mercury News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: John Boudreau

Jan. 25--Walt Disney's $7.4 billion deal Tuesday to acquire longtime partner Pixar Animation Studios brings Silicon Valley and Hollywood closer together than ever before.

At the agreement's core is a desire to revive Disney's once-dominant position as an animation powerhouse. But it also propels Apple Computer and Pixar CEO Steve Jobs into a new role as media power broker, giving him a prime seat at the Hollywood table. Jobs becomes Disney's largest shareholder -- his 50 percent stake in Pixar's stock is worth $3.6 billion -- and will join the merged company's board.

"After a lot of soul searching and thinking, we came to the conclusion this looked to be the most exciting path for Pixar's future," Jobs said during a conference call.

Jobs' ascent is no accident: Under his leadership, Apple has…

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