The members of Disney's board of directors convened for their regular meeting
on Sunday and were expected to hold another session today (Monday), at which
the members reportedly will take up the proposed buyout of Pixar animation.
Several news reports, citing people familiar with the situation, said that a
deal between Disney and Pixar could be announced as early as this week.
Analysts observed that such a deal would instantaneously make Pixar chief Steve
Jobs the largest Disney shareholder but would also raise certain
conflict-of-interest issues since Jobs is also chairman of the Apple Computer
Co. They question how Jobs might view a major strategic partnership between
Disney and one of Apple's rivals, like Microsoft or Hewlett-Packard.