Takeover speculation boosts Pixar shares

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by

Mr. Daps
in

Pixar shares rose the most in almost two months amid speculation the computer-animation film studio may be purchased, possibly by distribution partner Walt Disney Co., Jefferies & Co. analyst Robert Routh said.

Pixar added $4.20, or 7.8 percent, to close at $58.16 on the Nasdaq Stock Market, the biggest one-day percentage gain since Nov. 9. Most of the rise occurred in the last 40 minutes of trading.

Routh, who doesn’t own Pixar shares, declined to say whether he thought a takeover may occur. He said there was also talk Pixar may announce a new movie-distribution pact with Disney. Under their current agreement, Disney distributes Pixar films. The two split costs and profit equally after Disney gets a distribution fee.

Pixar spokesman Nils Erdmann and Disney spokeswoman Michelle Bergman would not comment.

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Mr. Daps

Mr. Daps is the Founder and Editor in Chief of Daps Magic! Find Mr. Daps regularly at Disneyland with his trilby and bow tie taking pictures and simply enjoying the Happiest Place on Earth. He is the weekly host of GEEKS CORNER and your reporter for all that Disney And Positive Stuff. Find videos of all of that one the Daps Magic YouTube channel.  Mr. Daps is also a Brand Ambassador with Her Universe! Find Mr. Daps on Twitter, Instagram, and Threads! If you see Mr. Daps in the parks, be sure and say hi!

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