Less than a week after Sony Pictures decided to pull out of the much talked movie depicting the co-founder of Apple, Steve Jobs, which is expected to be one of the most anticipated biopics in recent memory, Universal Pictures have acquired the project.

Michael Fassbender
Fassbender will portray Steve Jobs in the Apple co-founder's upcoming biopic

A spokesperson from the film studio reportedly informed The Hollywood Reporter that a deal has been reached for the film rights, with sources revealing the production was doing the rounds with a price tag of $30 million.

The forthcoming film, which was been plagued with casting and directing changes, is based on Walter Isaacson's book and was adapted into a screenplay by Aaron Sorkin. The premise follows Jobs preparing for three presentations throughout his life that were pivotal moments for himself and the technological company's success.

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Sorkin previously told The Daily Beast, "Each of these three scenes is going to take place before a product launch - backstage before a product launch." He added, "The first one being the Mac; and the second one being NeXT, after he had left Apple; and the third one being the iPod."

Scott Rudin, Mark Gordon and Guymon Casady will be producing, and British filmmaker Danny Boyle is slated to direct the untitled flick.

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Initially Christian Bale was expected to play the part but he withdrew at the start of this month, and now Michael Fassbender is slated to take on the leading role. Seth Rogen is also reportedly in discussions to portray the other co-founder Steve Wozniak, but no official casting announcement has yet been made.