Culture

Pixar shareholders approve Disney deal

Shareholders of Pixar Animation Studios approve takeover of company by Walt Disney Co. All-stock deal valued at more than $7.4 billion.

Shareholders of Pixar Animation Studios approved on Friday a takeover of the company by the Walt Disney Co. in an all-stock deal valued at more than $7.4 billion.

The vote was taken at a special meeting of shareholders in San Francisco presided over by Pixar Chief Financial Officer Simon Bax. Pixar Chief Executive Steve Jobs did not attend.