Which company was purchased by the Disney Company for 7.4 billion dollars in 2006?

In 2006, the Walt Disney Co. bought longtime partner Pixar Animation Studios Inc. for $7.4 billion dollars. In a stock deal that restored Disney’s clout in animation industry, the purchase also vaulted Pixar CEO, Steve Jobs into a powerful role with the Disney media conglomerate.

Disney’s purchase of Pixar, the maker of blockbuster films such as “Toy Story” and “Finding Nemo” clearly made Steve Jobs Disney’s largest shareholder. Jobs, who owned more than half of Pixar’s shares and was also the head of Apple Computer Inc. would subsequently become a member of the Board of Directors at Disney.

Pointedly, Disney Chief Executive Robert A. Iger said in a statement: “With this transaction, we welcome and embrace Pixar’s unique culture, which for two decades, has fostered some of the most innovative and successful motion pictures in film history.”