Case

Pixar 2006 and Lucasfilm 2012 (Disney)

On 24 January 2006 Disney announced it would buy Pixar in an all-stock deal, 2.3 Disney shares per Pixar share, valued at USD 7.4 billion; Steve Jobs joined Disney's board and both animation units kept their operations and locations (Disney press release). On 30 October 2012 Disney announced the purchase of Lucasfilm for USD 4.05 billion, about half in cash, and targeted Star Wars: Episode 7 for 2015 (Disney press release). Illustrates post-acquisition integration styles.

Industry
Media and entertainment (USA)
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Frameworks applied

This case is read through the frameworks below.

  • Post-acquisition integration stylesHaving just bought a company, should the acquirer's leadership absorb, preserve, combine symbiotically or merely hold it, weighing strategic interdependence against target autonomy?

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. The Walt Disney Company (2006) Disney To Acquire Pixar. The Walt Disney Company press releases.No DOIthewaltdisneycompany.comSource page
  2. The Walt Disney Company (2012) Disney to Acquire Lucasfilm Ltd. Form 8-K, Exhibit 99.1, US Securities and Exchange Commission.No DOIsec.govSource page