CBS Marketwatch reports that Pixar’s shares jumped this morning on rumor of a Sony buyout. Apparently, the consumer electronic giant wants to offer $75 a share for the house of Nemo. Pixar is currently trading at about $70. Analysts aren’t giving the idea much credence. Pixar Chairman and Chief Executive Steve Jobs controls 60 percent of the company’s floating shares, meaning he would want to give up control of the entity he’s nurtured. “My opinion is that even if Sony offered $100 a share, Steve Jobs would reject the bid,” said David Miller of Sanders Morris Harris, “He’s essentially the board”. Steve Lidberg, of Pacific Crest Securities, added: “I would find a Sony acquisition of Pixar to be highly unlikely”.
Sony to buy Pixar?