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Biz Week: Disney board OKs Pixar deal

Disney's board has approved a roughly $7 billion takeover of Pixar Animation Studios, Business Week reported late Monday.

On its Web site, the magazine said that Pixar CEO (and Apple Computer chief) Steve Jobs could take a seat on the Disney board. The magazine's sources said that Pixar's board still needed to give its approval for the deal.

Meanwhile, the Wall Street Journal and New York Times both reported that Disney's board had authorized CEO Bob Iger to make a bid, but cautioned the deal could yet fall apart.

More details can be found in this story.