Disney purchased Pixar in 2006 at a valuation of $7.4+ billion by converting each share of Pixar stock to 2.3 shares of Disney stock. Pixar started in 1979 as part of the Lucasfilm computer division, known as the Graphics Group, before its spin-off as a corporation in 1986, with funding from Apple co-founder Steve Jobs, who became its majority shareholder. Since 2006, Pixar has been a subsidiary of Walt Disney Studios, which is another studio owned by The Walt Disney Company. It is based in Emeryville, California, United States. Pixar Animation Studios (commonly known as Pixar ( / ˈ p ɪ k s ɑːr/) and stylized as P I X A R) is an American computer animation studio known for its critically and commercially successful computer animated feature films.
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