Still mad @ Steve Jobs

I'm still a little fuming about Disney's potential buyout of Pixar. As news agencies are reporting, they could close their deal as early as Tuesday. Disney is allegedly buying Pixar for a premium, if it could even be considered that - Pixar's shares are trading around $58 a share. The buyout will pay $59 a share. As a shareholder, I'm a little annoyed that this so-called premium is only $1. Think about it. Disney has had a string of losers in the past few years. Pixar has nothing but solid movies performing solidly at the box office. This deal should command such a larger premium per share than $1.

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Pixar and Disney just announced the resolution of their deal. Disney will buy Pixar for $7.4 billion in stock. For each share of Pixar owned, you'll receive 2.3 shares of Disney. Steve Jobs is now the largest individual shareholder of Disney.

I've made my disdain for this deal known. And in an effort to not be so negative, I won't write about this specific deal anymore. But it should be noted that I don't anticipate to keep all (or even any) of Disney's shares, once awarded.