[Damian]

From CNN Business

DISNEY: Here's the latest on the perhaps-to-happen, Pixar/Disney merger. The deal, to be considered by Disney's board today, has a high probability to go through, because Disney CEO Bob Iger -- bent on bringing "the magic back to Disney"-- wants it. But the price is a very high, $7 billion in stock. A source says Michael Eisner (who if nothing else is still a major stockholder) thinks that's too high. That case rests on the thought that when Disney was under attack from Comcast, Disney was claiming that its stock was undervalued. If that's the truth, then Disney (Research) should be placing a higher value than its current stock price on every share it hands over to Pixar (Research)..... Also there has been some chatter that Steve Jobs was slated to be chairman of Disney. As of now, that does not appear to be the case. And Pixar's creative genius, John Lasseter, is supposed to be joining Disney. But there's one knock on Lasseter, which is that supposedly he's spending a lot of time and energy these days on his vineyard. On the other hand, Lasseter is supposed to have a lot of very good people working for him.

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