The Wall Street Journal newspaper reported today Disney executives were considering paying a small premium to the animator's current stock market value of $6.7 million.
Should the deal go ahead, Pixar Chief Executive Officer Steve Jobs would become the biggest individual shareholder in Disney.
In 2004, Jobs announced he would seek a new distribution partner after his deal with Disney ended, following a dispute with the latter's former chief executive Michael Eisner.
The companies currently split costs on their movies and under the old deal, Disney has the sequel rights to any Pixar movies.
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