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Jobs ready to sell Pixar

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CNN/Money reports here, that Steve Jobs “would be open to a sale of the company at the right price”.

Jobs who owns 50% of Pixar, has given an offer to “two people with knowledge of the talks” now taking place between Disney and Pixar about possibly extending their partnership.

But Disney hasn’t yet accepted the deal. Disney is hoping that their first CG animated film, “Chicken Little”, which opens this weekend in theatres will gain them greater leaverage over Pixar and Jobs. If “Chicken Little” is a hit, it has been said that it will show Disney that they do not need Pixar to create for them CG hits, which Pixar has been giving out since 1995.

“The Times reports that detailed negotiations between Disney and Pixar are likely to begin in mid-November and could be wrapped up by late December or early January, said one of the paper’s sources. The studios have several issues to grapple with, according to the paper, including who would have creative oversight over new Pixar characters at Disney theme parks and how revenue from rides and other attractions would be split.” says CNN/Money.

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Images Courtesy of CNN/Money

Last modified: November 1, 2005