Disney Closes Deal to Buy Pixar for $7.4 Billion

This is going to be interesting.

John Lasseter, who will become the Chief Creative Officer of the animation division and Principal Creative Adviser at Walt Disney Imagineering, seems to be a class act, if the story about his purchase of legendary Disney animator Ollie Johnston's train is any indicator: before Lasseter took delivery, he had the train restored and then brought it to Disneyland, where he surprised Ollie with a trip around the park.

As anticipated, Steve Jobs joins Disney's board and is now the company's single largest shareholder.